Headlam Group is expanding its existing 3,720sq m facility at the Eurocentral distribution park in Scotland by a further 1,860sq m. The company was one of the first tenants at Eurocentral, which is located between Edinburgh and Glasgow at the heart of Scotland’s motorway and railway network.
Commenting on the planned enlargement, Headlam’s Iain Beveridge says: “We have been delighted with Eurocentral as a location, and the expansion of our existing facility to accommodate our growing business has confirmed our increasing presence in the Scottish market.
Stephen Turner, of AMEC, says: “The potential to expand, whilst protecting former Enterprise Zone benefits has led a number of companies based at Eurocentral to put “Golden Contracts” in place. Headlam is the latest company to take advantage of the tax breaks through the availability of 100% Capital Allowances within the former Enterprise Zone.”
Golden Contracts is the term used to describe various EZ benefits which can be preserved in certain circumstances after an Enterprise Zone has expired.
Scottish Enterprise Lanarkshire chief executive Liz Connolly says: “This expansion is good news for Eurocentral and is a testament to its continued success as a location for businesses. Eurocentral was always envisaged as a location where companies would enjoy growth as demonstrated by Headlam.”
Eurocentral is being developed by The Eurocentral Partnership, a joint venture of AMEC, The Royal Bank of Scotland and Scottish Enterprise Lanarkshire.
