In the 2011 Budget the Government announced that it would establish 21 new Enterprise Zones with the stated aim of encouraging investment and exports.
The new Zones are to benefit from i) discounted business rates over a five year period; ii) simplified planning processes and iii) government support to achieve superfast broadband and each to be delivered within a supportive regulatory environment and, if appropriate, with public funding and a potential for enhanced capital allowances.
On 28th July the Government announced details of the locations of four more of the new Enterprise Zones as follows:
- The Birmingham and Solihull Zone in Birmingham City Centre comprising sites over 68 hectares.
- The Leeds Zone, being four site within the Lower Aire Valley covering 142 hectares.
- The Bristol Zone, known as the Temple Quarter Zone and centred around the Temple Meads Railway Station and
- The Sheffield Zone, centred along the M1 Motorway.
Food for thought in planning your new venture, relocation and expansion…