The first business to move to the Humber Enterprise Zone has been announced.
The Humber Local Enterprise Partnership (LEP) revealed Cablescan will relocate its UK operations to the BAE systems site in Brough later this month.
The move from their Beverley facility to the Enterprise Zone will enable the company to grow their business and create ten jobs.
Cablescan employs 40 people, manufacturing and developing high-performance electrical cable assemblies and control panels for aerospace, defence and commercial use.
Lord Haskins, chairman of the LEP, said: "We are delighted the Enterprise Zone is helping a local company to grow.
"With the benefits available to companies through the Enterprise Zone status, together with the facilities already in existence at BAE Systems Brough, this is an excellent example of the public and private sector working together to help stimulate the local economy.
"The LEP and its partners are actively promoting the Enterprise Zones and we are hopeful more agreements will follow."
The Humber LEP is a business-led partnership with Humber local authorities and aims to promote economic growth in the region. It secured the largest Enterprise Zone allocation in the country last year, totalling 484 hectares and 15 sites across the Humber.
Tony Pontone, director at Cablescan, said: "The opportunity provided by the Enterprise Zone was too good for us to miss.
"As a company we have continually looked to grow and the facilities at BAE Systems Brough, together with the incentives provided through the Enterprise Zone, have presented us with an opportunity to expand and in doing so create more skilled jobs in the region."