Enterprise Zones: Locations of first four unveiled

Enterprise Zones: Locations of First Four Unveiled

Businesses based in Liverpool Waters, London’s Royal Docks, Manchester Airport, and Nottingham’s Boots campus will benefit from lower taxes, simplified planning rules and superfast broadband, after the first four Enterprise Zones were announced by the Government. The Chancellor revealed in the Budget that 21 Enterprise Zones would be created across the country in the areas of greatest need and potential. Vince Cable, business secretary, said: “We will work closely with the local enterprise partnerships (LEPs) to identify new ways we can support them on developing the Zones, especially on issues like enhanced capital allowances and securing inward investment.” All Enterprise Zones will offer a business rate discount worth up to £275,000 over five years, as well... »