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Entrepreneurs Panel

Richard O'Sullivan
Julie Meyer
Brian Hay
Tony Caldeira
Michael Oliver
David Pollock
Jennie Johnson
Laura Tenison
Steve Purdham
Debbie Pierce
Charlie Mullins
Jeremy Roberts

Enterprise Zone jobs growth climbs 9% in Q3

England's 24 Enterprise Zones attracted nearly 2,000 jobs in the three months to September - an increase of nine per cent on the previous quarter.

Jobs growth in the September quarter was higher in the so-called Northern Powerhouse Enterprise Zones at 11 per cent. The number of companies setting up in the zones also increased by 11 per cent.

The latest figures mean the zones, which offer companies business rates discounts worth up to £275,000 over five years and tax relief on investments in plant and machinery, have attracted almost 24,000 jobs since they were introduced in April 2012.

Overall, the zones have attracted £2.4bn of private investment and more than 600 new businesses, the Government said.

Business rates growth from Enterprise Zones are retained by the Local Enterprise Partnership to fund their further development.

Northern Powerhouse minister James Wharton said the announcement in the Budget of three new Enterprise Zones in Cornwall, the Black Country and Leicestershire, as well as the expansion of the Sheffield advanced manufacturing zone, shows the scheme is going "from strength to strength".

"Once again, we are seeing proof that Enterprise Zones are delivering real, tangible benefits, with jobs and companies showing significant growth," he added.

"In just four years, nearly 24,000 new jobs have been attracted to Enterprise Zones across the country - with jobs growth in the Northern Powerhouse even higher than the national average."

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