Eleven New Enterprise Zones Were Announced On 17th August 2011
The government announced 11 new Enterprise Zones as part of their ‘Plan for Growth’.
This announcement follows the 11 Enterprise Zones already announced, located in several of the country’s largest cities, such as Newcastle, Birmingham, Manchester and Merseyside. The location of Zones in the Black Country, Tees Valley and the North East have also been agreed bringing the total to 22 Enterprise Zones across the country.
The initial call was for a second wave of ten new Enterprise Zones but due to the ‘strength of the applications from Local Enterprise Partnerships’ the Government has agreed to increase this invitation to 11.’
The second wave of Enterprise Zones will be located in:
- Humber Estuary Renewable Energy Super Cluster
- Daresbury Science Campus in Warrington
- Newquay AeroHub in Cornwall
- The Solent Enterprise Zone at Daedalus Airfield in Gosport
- MIRA Technology Park in Hinckley Leicestershire
- Rotherwas Enterprise Zone in Hereford
- Discovery Park in Sandwich, Kent and Enterprise West Essex in Harlow
- Science Vale UK in Oxfordshire
- Northampton Waterside
- Alconbury Airfield, near Huntingdon in Cambridgeshire, and
- Great Yarmouth in Norfolk, and Lowestoft in Suffolk.
The eleven new Enterprise Zones are aimed at boosting growth and creating 30,000 new jobs by 2015.
The enterprise zones are expected to attract hundreds of new start up forms simplified planning rules, super-fast broadband and over £150 million tax breaks for new businesses over the next 4 years.
Alongside the new Zones, the Government is also announcing today that it will make enhanced capital allowances available for plant and machinery investment to a limited number of Enterprise Zones in Assisted Areas, including the Tees Valley and North East. With effect from 2012, companies setting up in these areas will be eligible to claim enhanced first year allowances for plant and machinery, giving them an upfront cash flow benefit.
Business Secretary, Vince Cable, said:
“Enterprise Zones are creating an environment for businesses to grow in places with the most potential. Those the government is announcing today, on top of those already approved, show the range of ambitious plans in place across the country.
“Local Enterprise Partnerships have worked closely with businesses in their communities to put forward a range of high-quality proposals. The successful bids they will now take forward are going to help inject new growth into their economies.
“Across England, these Zones will generate new jobs, investment in areas that can benefit, and develop high-tech products that will secure long-term sustainable prosperity.”
For more information click here: http://nds.coi.gov.uk/content/detail.aspxNewsAreaId=2&ReleaseID=420820&SubjectId=2
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