AN award-winning financial advice business is the latest firm to move into the DY5 enterprise zone.

Prosperity Wealth, which was based in St John’s Road, Stourbridge, has moved into a 12,000 sq ft office in Quay House on The Waterfront – tripling its space.

The company, which offers independent advice on pensions, investments, mortgages, equity release and commercial finance, has more than quadrupled the number of financial advisors it employs in the last 10 years from eight to 40 and also employs 18 members of staff to carry out administrative duties.

Steve Davies, business development manager at Prosperity Wealth, said: “Across the team we have more than 400 years combined experience in providing expert and tailored advice to our clients.

“We have built a successful business from our old premises in Stourbridge and we plan to build on what we have achieved in the last few years and maintain our reputation as one of the leading independent financial advisors in the area.

“We want grow our business and are looking to more than double our workforce over the next ten years. This move to DY5 gives us the space we need to do just that as well as benefit from the significant opportunities the location provides.”

Dudley’s DY5 business and innovation enterprise zone offers business rate relief for five years to firms moving in. Business bosses hope the enterprise zone will rejuvenate The Waterfront office complex at Merry Hill and help to deliver up to 7,000 new jobs and uplift the economy by £589million each year.

Councillor Ian Kettle, Dudley’s cabinet member for planning and economic development said: “The enterprise zone offers fantastic ready to move into office accommodation to suit any business and I’m delighted Prosperity Wealth has chosen DY5 as the location to continue the successful growth of their business.

“DY5 will support Prosperity Wealth and any other business that want to relocate. Together we can build a successful enterprise that breathes new life into the area and supports the growth of the local economy.”

Businesses interested in relocating to DY5 can find out more by calling 01384 812001 or emailinginfo@dy5enterprisezone.co.uk.