Territories for Industrial Development

One of the main goals of Ventspils City is to develop industrial activities in the city. Therefore Ventspils City Council and Free Port of Ventspils Authority are supporting and promoting industrial development, and would like to invite companies launch their activities in Ventspils.

Ventspils City Council along with Free Port Authority has designated an area of more than 1000 ha for development of industrial projects. Several land lots, ranging from 1 to 200 ha in one piece, are prepared for construction works, providing expansion possibilities, if required. The land lots are provided with all necessary utility connections.

Free Port of Ventspils Authority offers to conclude long-term land lease agreements for available territories. The maximum term of lease agreement is 45 years, with prolongation possibility for another 45 years with the same conditions, as applied on the last day of lease. Basically, this means that there are no time restrictions regarding the lease of land. Moreover, companies have first refusal rights for prolongation of the agreement. The lease fee for an industrial project is 0.25 – 0.5% from cadastral value. Additionally companies pay land tax in the amount of 1,5% of cadastral value.

Ventspils High Technology Park

Foundation "Ventspils High Technology Park" was established in 2005 to foster development of high–tech companies via offering value-added services and physical infrastructure. The priority areas are IT, Telecommunications, Electronics, Mechanical engineering and industrial automation, Computer aided design, Space technologies. Ventspils High Technology Park has 2 structural units – Business Incubator and Technology Park.

Technology Park offers support to high technology companies, educational and scientific institutions in priority areas, extending or launching operations in Ventspils. Technology Park is intended for companies which continuously improve their production technologies, creating new products and services, require appropriate specialists, availability of research and testing facilities provided by Ventspils International Radio Astronomy Center and Engineering Research Centre. The design and building of production and office premises, engineering communication and public utility facilities as well as conference and meeting facilities are the physical infrastructure offered by Technology Park. Organisation of contact events, clustering with educational and science institutions and industry partners, attraction of students to entrepreneurship as well as synergy creation among tenant companies are networking available in the Park.

Technology Park together with business partners provides strong support in the implementation of the business development projects as well as in training and attraction of highly qualified, professional human resources.

Altogether there are more than 30 ha of territory available for industrial development within the park. Companies like “Ventspils Electronics Factory” Ltd., „Ventspils ENERGO” Ltd., JSC „Inspecta Latvia”, etc. are already successfully operating in Ventspils High Technology Park.

www.vhtp.lv