A total of 1,118 jobs have already been created in Northampton’s Enterprise Zone, according to figures presented by South East Midlands Local Enterprise Partnership.
SEMLEP included the claim when it presented its action plan to the government and said the figure was 23 percent above the original government target of 908.
The zone has also attracted £152million of private sector investment, according to SEMLEP.
The enterprise zone was set up four years ago and since then companies such as Church’s and Cosworth have used the benefits of the zone to expand.
Enterprise zone chairman Ann Limb said: “The impact of SEMLEP’s Enterprise Zone on the economy in Northampton is clear for all to see, with companies from high growth industries keen to move to the town and do business here.
“The benefits will be long-lasting, with thousands of jobs being created for local people.
“Northampton is a town on the up and as investment into the Enterprise Zone continues to pour in, it will provide the catalyst for further growth.”
The Waterside Enterprise Zone is composed of more than 20 sites along the River Nene, stretching from Sixfields in the west, right across the town centre.
It incorporates a range of brownfield development opportunities, growing industrial estates and expanding sports stadium sites.
Companies to have reaped the rewards of the economic advantages available to businesses in the Enterprise Zone include Cosworth, which has taken on 70 highly skilled engineering workers and 15 apprentices, and Carlsberg, which has created 67 new jobs and secured £25m of private sector investment.
David Mackintosh, Conservative MP for Northampton South, said: “The Enterprise Zone has been a big catalyst for growth in Northampton to help with the regeneration of the town by creating well over 1,000 new jobs and attracted £152 million of private sector investment.
“I am pleased to see how well the Enterprise Zone has developed and I will continue to fight in Parliament for further investment from government in the infrastructure in Northampton and to use my position to promote Northampton and the opportunities the Enterprise Zone provides to encourage more investment in the town.”
SEMLEP’s investment in the Enterprise Zone has included £5m towards the new railway station, £3m to improve the road infrastructure in the area and £3.6m towards improvements to St James Mill Road. It has also played a pivotal role in securing borrowing of £46m for the new University campus.