Sheffield City Region Enterprise Zone
The Enterprise Zone Incentives available in the region are:
Enhanced Capital Allowances
Sites suitable for major capital investment are offering 100% Enhanced Capital Allowances to firms making significant investments in plant and machinery.
Business Rate Relief
Small and medium-sized businesses can qualify for Business Rate Relief worth up to £275,000 over a five-year period when they move on to selected sites.
Fast-track planning and super-fast broadband
Certain categories of development in the modern manufacturing and technology sector can access simplified planning procedures, while super-fast broadband is becoming available region-wide.
For more information see: www.sheffieldenterprisezone.co.uk
Dearne Valley Enterprise Zone (No longer active)
The Dearne Valley was designated an Enterprise Zone in November 1995. It gave financial incentives for inward investors, including exemption from National Non Domestic Business Rates and 100 per cent capital allowances for tax purposes on eligible expenditure for the period of the Enterprise Zone. The Zone also offered a simplified planning regime. It was highly successful, with over 18,000 jobs being created in the area during 2000 - 2007.
For more information on the SCR Enterprise Zone call us on +44 (0)1709 254 444 or fill in our contact form.