Some 29 bids will compete for 10 Enterprise Zone spot, communities secretary Eric Pickles announced yesterday, following the deadline for second wave applications.
Local enterprise partnerships across the country have put forward locations for enterprise zones that they believe have the potential to deliver growth for the whole area. The 10 zones selected will benefit from simplified planning rules, super-fast broadband and tax breaks for businesses to promote growth.
Ministers believe Enterprise Zones can help make the country the best place in Europe to start and grow a business.
Applications will be assessed against three key criteria of success and only the best will get a zone:
- Ability to deliver growth and jobs: a clear, evidence based strategy to deliver sustainable economic growth by removing barriers to businesses
- Value for money: the proposal should deliver as much as possible for the investment being made
- Implementation: plans for delivery are robust and support the growth focus of the bid.
Sites should have little or no existing businesses there already.