Pickles hails new enterprise zones

11 Apr 12
The next generation of enterprise zones is now up and running, offering businesses tax breaks and planning freedoms, Communities Secretary Eric Pickles said today.

By Vivienne Russell | 11 April 2012

The next generation of enterprise zones is now up and running, offering businesses tax breaks and planning freedoms, Communities Secretary Eric Pickles said today.

The 24 zones would act as ‘economic incubators’ and accelerate growth across the country, he added.

Speaking on a visit to the Great Yarmouth and Lowestoft zone, Pickles said: ‘Local business and private sector commerce turn the wheels of our economy, creating the jobs this country needs. This government has set about fostering local enterprise and creating the conditions for businesses to thrive.

‘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.’

The zones are using Local Development Orders, locally developed planning regimes that will grant automatic planning permission for certain developments, such as new industrial buildings.

To date, 18 orders have been agreed, seven have finished the consultation stage and a further 40 are in the pipeline.

In addition, businesses setting up in the zones will benefit from 100% tax relief for five years. The costs of this are being met by Whitehall.

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