Back in March, the Government announced the creation of a number of enterprise zones where businesses would get extra help. Initially, the zones were decided as sites within Liverpool, London, Manchester, Derby, Nottingham, the Black Country, the Tees Valley, the West of England and the North East. However, the locations of more Enterprise Zones have been announced and a progress report on the programme has been released.
The new Enterprise Zones are sited within Birmingham, Bristol, Leeds, Sheffield, Warrington, Cornwall, Gosport, Norfolk, Hereford, Kent and Oxfordshire and were selected by their local enterprise partnerships.
All of the zones will benefit from discounts on business rates, new superfast broadband, lower levels of planning control and the potential to use enhanced capital allowances.
The introduction of Enterprise Zones is meant to be one of over 100 major reforms being taken forward by the Government to help businesses.
See http://www.hm-treasury.gov.uk/ukecon_growth_index.htm for the progress report and http://www.communities.gov.uk/news/corporate/1872164 for details on the four zones.
This was first published in August 2011