Eleven Enterprise Zones will benefit from a £150 million boost from Government to create local jobs and secure growth across the country, Local Growth Minister Mark Prisk announced today (11 July 2013).
The fourth round of the Regional Growth Fund will help companies in Enterprise Zones expand their operations, creating new private sector jobs and economic growth.
This means Enterprise Zones and the Local Enterprise Partnerships which support them will benefit from just under £800 million of Government investment which has been already matched by almost £230 million of private sector investment, with many more on the pipeline.
Local Growth Minister Mark Prisk said:“This is more good news for Enterprise Zones.
They are already having a positive impact in the economy, having created 3,000 jobs and attracted £230 million in private sector investment since their standing start one year ago.
“Their significant tax incentives, simplified planning and super fast broadband are making the country a great place to do business and rebalancing the economy by creating new local jobs and business ventures.”