11 new enterprise zones
Did you know that the Government recently announced the location of 11 new enterprise zones, completing the total of 22 across England?
The new locations include sites in Cornwall, Kent, Oxfordshire, Hereford and Warrington. The advantages of relocating your business to an enterprise zone or setting up a new business within a zone, include a business rate discount worth up to £275,000 over five years, simplified planning regulations and Government support to ensure that super-fast broadband is rolled out within the zones.
In addition, certain designated areas will benefit from enhanced first-year capital allowances for investment in plant and machinery.