The following Planning practice note provides comprehensive and up to date legal information covering:
Enterprise Zones (EZs) are designated areas of land that offer a range of benefits to businesses, with the aim of attracting new businesses to that area, or promoting investment from existing businesses. EZs vary in size, from individual business parks to whole cities or regions. The main policy intention of EZs is to stimulate rapid investment from businesses in the short term, create new jobs and create a burst of momentum that normally lasts up to three years. As part of this, the government offers specific measures on business rates, planning and broadband to make conducting business in EZs easier.
EZs benefit from:
a 100% business rate discount worth up to £275,000 over a five-year period, for businesses that move into an EZ, or 100% enhanced capital allowances (tax relief) to businesses making large investments in plant and machinery on eight zones ‘assisted areas’
business rates growth within the EZ for a period of at least 25 years to be retained and shared by the local authorities in the area
government and local authority help to develop radically simplified planning approaches in the EZ, eg existing Local Development Order powers under sections 61A–61D of the Town and Country Planning Act 1990 could be used, which allow local authorities to extend permitted development rights for certain forms of development
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