- Enterprise Zones
Enterprise Zones (EZs)England, WalesFormer special zone introduced by the Government in the United Kingdom in 1980 to encourage industrial and commercial activity, usually in economically-depressed areas. Under the Local Government, Planning and Land Act 1980, local authorities could designate land within their areas as EZs. In total, 38 enterprise zones were designated between 1981 and 1996. Each zone was normally designated for a fixed life of ten years and the final designations came to an end in 2006.EZs were a government experiment to see to what extent the relaxation of planning control, exemption from non-domestic rates and certain other fiscal incentives, could help with the regeneration of run-down and derelict urban areas.EZs provided a number of benefits to the developers, investors and occupiers of industrial and commercial properties, including:• Exemption from business rates for industrial and commercial premises.• Simplified planning procedures, whereby planning permission was not required for new developments provided that they complied with the published planning scheme for the zone. These differed slightly from one zone to another, for example in respect of the amount of retail development that would be permitted.• Exemption from industrial training levies.• Faster processing of applications for firms requiring warehousing free of Customs duties.• 100% tax allowances for capital expenditure on constructing, improving or extending commercial or industrial buildings.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Look at other dictionaries:
enterprise zone — enterprise zones N COUNT An enterprise zone is an area, usually a depressed or inner city area, where the government offers incentives in order to attract new businesses. [BUSINESS] Because it is in an enterprise zone, taxes on non food items are … English dictionary
Enterprise zone — Als enterprise zone (frei übersetzt: Unternehmenszone) bezeichnet man ein aus Großbritannien stammendes Konzept der regionalen Wirtschaftsförderung welches auf den britischen Stadtplaner Peter Hall zurückgeht. Bei enterprise zones handelt es… … Deutsch Wikipedia
enterprise zone — Als enterprise zone (frei übersetzt: Unternehmenszone) bezeichnet man ein aus Großbritannien stammendes Konzept der regionalen Wirtschaftsförderung welches auf den britischen Stadtplaner Peter Hall zurückgeht. Bei enterprise zones handelt es… … Deutsch Wikipedia
enterprise zone — noun a city district where development receives special tax advantages • Hypernyms: ↑city district * * * ˈenterprise zone 7 [enterprise zone] noun an area where the government encourages people to invest in new businesses, for example by offering … Useful english dictionary
Enterprise Zone — A specific geographical area that has been designated by a governmental authority (usually federal). Businesses within the enterprise zone are entitled to receive various types of financial aid. These include tax benefits, special financing and… … Investment dictionary
Urban Enterprise Zone — Urban Enterprise Zones (UEZs) also known as Enterprise Zones encourage development in blighted neighborhoods by offering entrepreneurs and investors tax and regulatory relief if they start businesses in the area. In other countries, a region that … Wikipedia
Maryland Enterprise Zone — A Maryland Enterprise Zone (MEZ) is a specially zoned commerial area in the state of Maryland where businesses are eligible for income tax credits and real property tax credits in return for job creation and investments made in the zone. External … Wikipedia
Subud Enterprise Services — Subud Cet article fait partie de la série concernant Subud Personnes Muhammad Subuh Sumohadiwidjojo (appelé Bapak ) Siti Rahayu Wiryohudoyo (appelée Ibu ) Pratiques Latihan Kejiwaan de Subud Le Testing … Wikipédia en Français
USS Enterprise (CVN-65) — USS Enterprise (CVN 65), formerly CVA(N) 65, is the world s first nuclear powered aircraft carrier and the eighth U.S. Naval vessel to bear the name. Like her predecessor of World War II fame, she is nicknamed the Big E . At 1,123 feet (342.3 m) … Wikipedia
SPARC Enterprise — The SPARC Enterprise series is a range of UNIX server computers co developed by Sun Microsystems and Fujitsu introduced in 2007. They are marketed and sold by Sun Microsystems, Fujitsu, and Fujitsu Siemens Computers under the common brand of… … Wikipedia