12 new Enterprise Zones go live across the UK
There are now 48 Enterprise Zones across the UK, which have attracted £2.6bn in funding and created 29,000 jobs since 2012
12 new Enterprise Zones, which provide support to aspiring entrepreneurs and growth opportunities for established companies, have now gone live across the UK.
The new sites are based in the M62 Corridor Leeds City Region, the North Kent Enterprise Zone, Dudley’s Business and Innovation Enterprise Zone and the Cornwall Marine Hub. They offer business rates discounts and additional tax breaks to encourage enterprise and boost economic growth.
There are now 48 Enterprise Zones in England, which the government claims have collectively attracted more than £2.6bn of private investment and more than 700 new businesses. An estimated 29,000 jobs have been created since 2012.
The government has also announced the expansion of the West of England and the New Anglia Local Enterprise Partnerships (LEPs), in order to benefit more places and communities.
Andrew Percy, local growth minister, 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 five years.”
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