The award follows a bid submitted by the Humber Local Enterprise Partnership, which focused on large top tier manufacturing firms in the renewable energy sector, with a view to creating further economic benefit and innovation in the associated supply chain.
The Humber LEP board considered about 800 hectares of land for the bid that was suitable for renewables manufacturing and could accommodate at six original equipment manufacturers (OEMs) and their supply chains.
Howeve,r the board narrowed it down to 375 hectares to accommodate only four OEMs.
By April 2015, the companies must enter the zones to receive the financial incentives.
The Humber LEP will receive a long-term income stream paid by the companies.
