Regeneration and economic growth

Enterprise Zones

Enterprise Zones are specific areas where a combination of financial incentives and reduced planning restrictions will apply. The zones are designed to encourage the creation of new businesses and jobs, thereby helping to support both local and national growth. We believe that Enterprise Zones can give a real shot in the arm to the private sector in particular locations and that the benefits will also spread more widely to support key city-regions and other areas.

Enterprise Zones will benefit from:

A business rate discount worth up to £275,000 per business over a five year period

All business rates growth within the zone for a period of at least 25 years will be retained by the local area, to support the Partnership's economic priorities and ensure that Enterprise Zone growth is reinvested locally

Government help to develop radically simplified planning approaches for the zone using, for example, existing Local Development Order powers

Government support to ensure that superfast broadband is rolled out throughout the zone, achieved through guaranteeing the most supportive regulatory environment and, if necessary, public funding

Enterprise Zones have been awarded to, and are being driven by, Local Enterprise Partnerships. Since Budget 2011 the Government has announced 24 Enterprise Zones across England:

Local enterprise partnership	Enterprise Zone
Black Country	I54 and Darlaston
Cornwall and the Isles of Scilly	Newquay Aerohub
Derby, Derbyshire, Nottingham and Nottinghamshire	Boots Campus (Nottingham)
Greater Birmingham and Solihull	Birmingham (Birmingham City Centre)
Greater Cambridge and Greater Peterborough	Alconbury Airfield
Greater Manchester	Manchester Airport
Humber	Green Port Corridor
Humber	Humber Estuary Renewable Energy Super Cluster
Lancashire	Warton and Samlesbury
Leeds City Region	Lower Aire Valley
Leicester and Leicestershire	MIRA Technology Park
Liverpool City Region	Daresbury Science Campus
Liverpool City Region	Mersey Waters
London	Royal Docks
New Anglia	Great Yarmouth and Lowestoft
North Eastern	River Tyne and Nissan site
Oxfordshire	Science Vale UK
Sheffield City Region	The Modern Manufacturing and Technology Growth Area
Solent	Daedalus Airfield
South East	Sandwich and Harlow
South East Midlands	Northampton Waterside
Tees Valley	Tees Valley Enterprise Zone
The Marches	Hereford Enterprise Zone
West of England	Temple Quarter (Bristol)