The Government has confirmed it is planning to fund a new wave of some 21 Enterprise Zones (EZs) across the Local Enterprise Partnership (LEP) areas of England. Here businesses will benefit from radically simplified planning procedures involving, typically, Local Development Order (LDO) powers.
The first round will be in the following LEPs:
Also in the first tranche will be an EZ based on London’s Royal Docks, an area of 125 hectares of development land adjacent to City Airport.
As well as streamlined planning, businesses in EZs will have superfast broadband, and a 100 per cent business rate discount worth up to £275,000. All business rates growth within the zone for a period of at least 25 years will be retained and shared by local authorities in the LEP area.
A further ten EZs will be determined by competition amongst LEPs. The Government intends to make decisions on these during the summer.
The Government has also announced it is approving a revised Sheffield retail quarter regeneration scheme as well as an important, and re-designed, element of the Milton Keynes residential quarter scheme.
24 March 2011