Abstract: Under the background of vigorously promoting new urbanization in China, how to integrate the enclave resettlement model into the relocation and resettlement of rural resettlers in reservoir projects is a topic worth of in-depth research. Based on this, we propose to adopt the reservoir resettlement enclave resettlement mode in the areas with more developed secondary and tertiary industriess, and carry out empirical analysis in Nan′an Reservoir in Zhejiang Province. In the resettlement, the reservoir resettlement group and the local government jointly invest to obtain industrial lands at a transfer price and built 1 800 mu of standard factory buildings. According to three calculation methods, namely, resources below the submerging line (land acquisition area price), resources below the submerging line (land acquisition area price) + resources above the line (transfer and custody price), and resources below the line + resources above the line (land acquisition area price), we calculate the proportion of the resettlers′ land resources as equity in the total investment of the workshop construction, as well as the rental and income of the workshops. The results show that: ① According to three methods of calculation, the value of land resources in the reservoir area account for 4.28%, 6.78%, and 19.99% of the total investment of standard factory buildings in the enclave, respectively.② After the standard factories in enclaves are rented, given by the above three methods, the per capita annual rental income of resettlers in a base year can reach 3 935.46 yuan, 6 234.20 yuan and 18 380.79 yuan, and in the planning level up to 4 008.88 yuan, 6 350.51 yuan and 18 723.70 yuan. The per capita net agricultural income in a base year would be 4 463.78 yuan, and in the planning level to 5 909.98 yuan. Based on this, it can be seen that the per capita annual rental income of resettlers is higher than the per capita net agricultural income from the base year to the planning level year by using method 2 and method 3. Enclave resettlement model will greatly promote the future production recovery and development of resettlers, and can fully guarantee the improvement of production income level and sustainable development after resettlement, so as to foster sustainable development policy making.