Priority 4D Enterprise Zones

Enterprise Zones (EZs) are seen as a key part of the Government’s national agenda to devolve responsibility for growth and incentivise additional economic development. The key focus and Vision for the Enterprise Zones as set out in the Leeds City Region Strategic Economic Plan is ‘‘the acceleration of development and delivery of high quality employment floorspace in the advanced and innovative manufacturing and complementary sectors’.

Enterprise Zone status was initially awarded to four sites, just minutes from Leeds city centre and the national motorway network. They are strategically located along the East Leeds Link Road; a £32 million dual carriageway linking Leeds city centre to junction 45 of the M1 motorway. This is phase 1 of the Leeds City Region Enterprise Zones.

A phase 2 has now been established comprising nine sites across Bradford, Calderdale, Kirklees and Wakefield, located along the strategic M62 corridor.
Companies locating within the Enterprise Zone will benefit from a wide range of incentives, including (depending on which Enterprise Zone site):

• reduced business rates (worth up to £275,000 over a five-year period), or
• enhanced capital allowance tax relief of qualifying plant and machinery

Supported by: