Twelve new enterprise zones go live across the UK.
These new zones support businesses, helping budding entrepreneurs to start and established companies to grow. They offer business rates discounts and additional tax breaks, backed by a simplified local planning process.
These new Enterprise Zones bring the total to 48 in England. They will build on the success of current zones, which have attracted more than £2.6 billion of private investment and more than 700 new businesses. It means more than 29,000 jobs have been created across a range of key industries since their launch in 2012.
Local Growth Minister Andrew Percy said:
“Our modern Industrial Strategy is about creating the right environment for businesses to grow – Enterprise Zones are making sure this happens across the country.
This is a key part of our Plan for Britain, creating a stronger economy that works for everyone.
These 12 new Enterprise Zones will help even more businesses to set up and grow. I’m confident they will build on the success we’ve already seen over the past 5 years.”
