Enterprise Zones open for business
100% business rate relief available for start-ups willing to play a part
The government’s 24 new Enterprise Zones are now up and running, and start-ups are being urged to take advantage.
Any business which moves into one of the 24 zones will be offered tax breaks -up to 100% business rate relief is available for five years.
Planning rules will also be relaxed within each zone, offering particular benefit to start-ups wishing to erect new industrial and commercial premises.
Communities secretary Eric Pickles was quick to herald the benefits of the new zones, saying:
“This week our low tax, low regulation, Enterprise Zones with superfast networks are going operational with live deals and incentives now available to entice new companies to the area.
“Enterprise Zones are set to become the crown jewels of how we make Britain the best place in the world to start and grow a business.”
For more information on the Enterprise Zones, click on http://www.communities.gov.uk/corporate/.