Investing in an area that has been designated as an Enterprise Zone provides businesses with certain benefits such as business rate discounts, simplified planning processes and superfast broadband as well as specific enhancements such as increased capital allowances for certain plant and machinery.
26 new Enterprise Zones will be created by the Government, including the expansion of 8 zones currently on the programme. The new zones include 15 in smaller towns and rural areas. The additional zones will spread Enterprise Zone benefits to 108 sites across the country including Carlisle, Dorset and Ipswich.
These extensions will benefit business trading and investing in the new Enterprise Zones.