The rates benefits of the new Enterprise Zones

Thompson, James

Opinion/Comment

The rates benefits of the new Enterprise Zones

James Thompson

Journal of Urban Regeneration and Renewal, 5 (2), 108-109 (2011)

https://doi.org/10.69554/ZDGL1266

Abstract

The new Enterprise Zones (EZs) announced in the Chancellor’s 2011 budget will be a pale shadow of those designated in the 1980s. Restricted by EU limits, rates benefits are small, and exemptions are limited to low rateable value. Benefits will fall to sponsoring councils in Local Enterprise Partnerships sponsoring EZs however. Being able to retain the benefit of growth in business rates for a period of 25 years, they will have a powerful incentive to promote development that will increase the rateable value within the EZ.

Keywords: Enterprise Zones; business rates; LEPs; exemption; rates revenue

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Citation

Thompson, James (2011, December 1). The rates benefits of the new Enterprise Zones. In the Journal of Urban Regeneration and Renewal, Volume 5, Issue 2. https://doi.org/10.69554/ZDGL1266.