Jul 2011 – Enterprise Zones
Enterprise Zones are one of the key initiatives in the Coalition Government’s Plan for Growth (March 2011), providing support for investment and job creation and the opportunity, through the local retention of the increment in business rates achieved in the zones, to generate a significant long-term income stream to address the economic priorities identified by Local Enterprise Partnerships. This Viewpoint reviews the “second wave” Enterprise Zone applications submitted to the Department for Communities and Local Government by 30 June 2011. It provides a high-level and aggregate analysis and overview of the unfolding venture, and identifies issues which will need to be addressed by the Government in deciding which ten second wave EZ applications to approve, and the implications for Local Enterprise Partnerships and local authorities as they take successful applications forward. Download a PDF of our Viewpoint on Enterprise Zones