MP Julian Huppert has welcomed the knock-on benefits for Cambridge that will come from the creation of almost 300 jobs so far at the Alconbury Enterprise Zone.
Julian is confident that the new zone will bring improved infrastructure and new business opportunities for the city.
His praise came as the flagship Enterprise Zone programme hit the 15,500 jobs landmark nationally having attracted over 480 businesses and more than £2.1 billion in private investment.
Julian said: “This Enterprise Zone will bring benefits to Cambridge and the county generally, encouraging investment and opening up opportunities. This programme takes money out of Whitehall and puts it directly into the hands of local business and communities.
“Thanks to the joint efforts of Business Secretary Vince Cable and Lib Dem local government minister Stephen Williams, we have seen a real boost to the local economy in terms of more jobs, more innovation and more power to the local community to do what's best for Cambridge.”
Lib Dem local government minister Stephen Williams said: "Enterprise Zones have reached a real milestone today helping to create a stronger economy and fairer society with benefits spread across the country. When we came into office we inherited decades of under investment and a huge reliance on London and the financial services sector.
“Enterprise Zones like Alconbury have gone a long way in re-balancing the economy.”
The Government opened the Enterprise Zones in April 2012 as part of a 25-year project to rebalance the economy, offering tax incentives, simplified planning and super-fast broadband to companies.
A fortnight ago, Lib Dem Deputy Prime Minister Nick Clegg also announced an extra £38m for the Greater Cambridge & Peterborough Local Enterprise Partnership via his flagship Growth Deals which Government estimates could deliver up to 15,500 new jobs, 10,000 new homes and generate £210m of public and private investment.