Why choose an enterprise zone?
Twenty four Enterprise Zones in England were designated by Government in 2012 as high growth locations that offer support to businesses by providing discounts from business rates, enhanced capital allowances (in Assisted Areas) and other incentives, such as streamlined planning. A further tranche of new EZs is being designated reflecting their success in generating business investment.
Discounted business rates
Business moving onto the Solent Enterprise Zone by 31 March 2018 are eligible to apply for discounted business rates worth up to £275,000, or £55,000 a year for five years, provided they meet the eligibility criteria. You can apply online – if you are locating to Daedalus East or West, you should contact Fareham and for the Waterfront contact Gosport. The online application form is accepted by both rating authorities.
Grant funding opportunities
Businesses moving onto the Enterprise Zone also have the opportunity to apply for business support grants including Solent Local Enterprise Partnership’s grant programmes. Go to solentlep.org.uk for further details.