Why the Humber
Land availability
The HEY LEP region covers an area of 247,900 hectares (957 square miles) and has a population of 602,327 inhabitants.
The economy of the area is shaped in many ways by its geography. The region contains the north bank of the Humber Estuary encompassing the city of Hull and the Port of Goole, each with their associated major transport, industrial and employment land assets.
This M62/ A63 corridor has been the primary location for economic growth in the region over the past 20 years. The area also features diverse rural and coastal conurbations providing opportunity for agricultural, creative and tourism businesses.
A strategic approach by the Humber ensures that industrially allocated land near the estuary has already been environmentally compensated for by creating strategic mitigation sites, smoothing the way for local development.
This is further complemented by a unique approach to handling major planning applications. The ‘Single Conversation Group’ which represents a UK first brings major consultees together to jointly discuss major projects before they enter the formal planning process often resulting in accelerated permissions.
Property and land searches
The HEY LEP can co-ordinate land and property searches for businesses looking to expand their operations or to move into the Hull and East Riding area. For enquiries please contact Phil Glover at p.glover@heylep.com. Equally land and property searches for the South bank of the estuary can be made by contacting the Greater Lincolnshire LEP.
Average land and premises costs
Commercial property represents extremely good value in the Humber. Colliers commercial agents data (Jan 2022) indicates that average rentals for large industrial facilities (100,000sqft +) are circa £5.95 per sqft for prime sites and up to £6 per sqft for smaller buildings from 10,000sqft to 30,000sqft.
Land values again represent excellent value at circa £350,000 per acre, or less depending on the site. This compares very favourably with the southern port areas of the UK, with land values ranging from £1,750,000 in Southampton to £2,500,000 in West Thurrock. Land values in the midlands range from £950,000 in the West Birmingham to £1,500,000 in Coventry. For more information, click here.
Land Availability around the Humber:
Throughout the East Riding there are many business premises and development opportunities, so you are sure to find something to suit your needs.
From high-quality offices to large industrial estates, as well as smaller developments, including business centres for start-up, small and growing businesses. The range of sites and premises available are varied and individual searches can be carried out to suit your requirements.
Hull City Council has identified specifically designated key employment sites located across the city, each offering unique investment possibilities. They include the Humber Freeport where there are attractive benefits and incentives. Whatever your business need, our sites are well located with great access to the regional and national road network.
If you’re in business and interested in what Hull has to offer, we want to hear from you. We can help your business to relocate, expand and thrive. Our specialist team is on hand and will work with you throughout the entire investment journey, whether your investment is large or small, a new or existing business.
North East Lincolnshire offers some of the UK’s lowest-cost large-scale enterprise zone sites for industrial, manufacturing, logistics and renewable energy companies.
The North East Lincolnshire enterprise zone sites comprises 189 hectares (467 acres) of developmental land across 6 sites, making it one of England’s largest industrial EZs.
Site solutions for businesses include:
- Individual large-scale, port-adjacent sites up to 64 hectares (158 acres)
- Fully serviced, development-ready sites with freehold or leasehold tenancies
- Sites within the Port of Grimsby estate, enabling co-location with the offshore wind O&M cluster (includes Ørsted, E.ON and MHI Vestas)
- 50 hectares of available development land within the Port of Immingham
- Co-location with industry leading industrial occupants across renewables, logistics, manufacturing and chemicals
North Lincolnshire is set to become one of the fastest growing economies in the north of England. North Lincolnshire is ideally located for local, regional and international business. Benefiting from fast, efficient and easily accessed transport networks linking businesses to key markets in the UK, Europe and global trade routes. By road, rail, sea and air.
We will guide you through every step of your business journey from relocation, starting a new business or expanding within the area, by ensuring your requirements are understood and addressed by your key account manager, to help accelerate your re-location or growth. From funding and recruitment, to raising the profile of your company, we can offer practical help and advice on a diverse range of subjects.
