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Enterprise Zones

Enterprise Zones are specific areas where a combination of financial incentives, reduced planning restrictions and other support is used to encourage the creation of new businesses and jobs – and contribute to the growth of the local and national economies.

24 Enterprise Zones are already up and running across the country, benefiting from:

  • a Business Rate discount per company of approximately £275,000 over a five year period
  • the retention, for at least 25 years, of the Business Rate growth from the Zone in order to support the relevant local enterprise partnership’s economic priorities
  • radically simplified planning, for example, through the use of Local Development Orders
  • Government support to ensure that superfast broadband is rolled out throughout each Zone

Some Enterprise Zones are also benefiting from 100% first year capital allowances for plant and machinery.

More details

The Department for Communities and Local Government are responsible for delivery of the Enterprise Zones programme and more information can be found on their website.

Contacts

Local enterprise partnerships who wish to discuss issues relating to Enterprise Zones should contact their DCLG LEP lead or, alternatively, their BIS Local LEP contact.