The scope of CzechInvest activities is aptly described in its full name: The Investment and Business Development Agency CzechInvest. More precisely, CzechInvest is a government agency whose task is to contribute to strengthening the Czech economy competitiveness through support for small and medium-sized enterprises, business infrastructure and innovation, and by attracting foreign investments in the areas of manufacturing, business support services and technology centres.
CzechInvest knows that a sufficient volume of well-equipped business properties is one of the conditions for a successful investment process. The agency has long been committed to the development of business properties. The market of business properties in the Czech Republic consistently offers significant potential in the area of prepared production facilities (generally rental properties), so that a foreign firm can launch production in the shortest possible period of time. This, of course, requires developers to either build production halls on a speculative basis or to at least prepare projects to the stage of construction approval. Business properties include market of industrial properties, industrial zones and brownfields.
The market of industrial properties intended for production displays certain specific characteristics as opposed to properties intended for warehousing and logistics. Recently the demand for production halls intended for rent is growing rapidly and thus exceeds the demand for fully prepared construction plots within industrial zones.
Among the business properties with which CzechInvest is concerned, industrial zones are of key importance. Industrial zones bring quantitative economic benefit in the form of newly created jobs and the effects derived from the amount of investment capital expended by investors entering the zones. CzechInvest has been actively engaged in the area of industrial zones since 1998, when it began implementation of the Industrial Zone Development Programme. In 2006, the new Business Properties and Infrastructure Support Programme was approved, thanks to which support for construction and development of business properties (primarily strategic industrial zones) and regeneration of brownfields is continuing.
There are currently 103 fully prepared industrial zones in which over 600 enterprises have invested. The success of this programme is also evident in the fact that most supported zones are fully occupied by investors. According to periodic statistics on the occupancy of zones supported from the state budget, on average 70% of areas are occupied.