2013 Report details for project: Enterprise Zones Programme

Project name: Enterprise Zones Programme - there are 3 reports for this project: 2013, 2014, 2015
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Organisation: DCLG (D4) - see all reports for this organisation
Report year: 2013 (data is from Sept 2012)
Category: Transformation - see all reports for this category
Description: The Enterprise Zones (EZ) Programme is a key part of the Government's wider plans for local growth. Enterprise Zones are geographically defined areas agreed between Local Enterprise Partnerships (LEPs) and Government of economic growth potential, which, through a combination of fiscal incentives and simplified planning, will generate both new jobs and business, helping to drive local and national growth. In line with Ministers' localism agenda, this programme is locally-driven with LEPs being the key agents overseeing the development of the zones. Overall aim: to support successful delivery of the current 24 EZs so that they create new (net) additional jobs and businesses. This will be achieved through Government, LEPs and other key public/private sector partners working together. Objectives: To agree the number, size, location and sectoral focus of EZs across the country; To put in place appropriate legislation to enable EZs to have access to financial and other relevant incentives; Government to work closely with LEPs and other local partners, supporting them to successfully deliver EZs; and to generate a long term income stream for LEPs through the business rate uplift secured by new businesses on the zones.
DCA (RAG): Amber
DCA text: Phase one of the programme was completed in April 2012 with all 24 Enterprise Zones opening for business having largely put in place key processes, such as: site designation; governance arrangements; business rate retention and simplified planning. Work on phase two of the programme continues to ensure that this phase builds on the progress achieved so far by ensuring all Government enabling work is completed (e.g. legislation), and that Government is doing as much as possible in the context of the programme to create the conditions for growth in Enterprise Zones. Additionally the Programme is doing as much as it can to support Local Enterprise Partnerships and Local Authorities in getting development work on Zones well underway. Since the Programme was launched, a number of sites have successfully secured significant investment, and have already generated a number of new jobs. However, whilst there has been progress, difficult economic conditions have posed real challenges to the delivery of some the Zones ambitions and there has been a need to increase the scale of support and also the challenge to accelerate the pace of delivery to ensure that the Programme realises its full potential in the short and long-term
Start date: 2011-03-23
End date: 2015-03-31
Schedule text: Phase one of the Programme was delivered as planned with all EZs going live in April 2012. Phase two of the Programme is currently being reset, specifically as the Chancellor has asked that action be taken to ensure that there are no Zones without development by 2015.In response to this DCLG are currently undertaking an intensive period of work to gather detailed information from all EZ sites across the Programme. This will enable a package of support to be provided to EZs where required.
Baseline: £0.00m
Forecast: £0.00m
Variance: None%
Variance text: Variance within tolerance
Whole Life Cost: £0.00m
WLCost text: HMT funds the majority of EZ programme expenditure which relates to business rate discounts. There is also a cost funded by HMT for Enhanced Capital Allowances in income foregone, of up to a maximum of £1.8 billion. Given current market conditions Enterprise Zones have flagged that it is difficult to access the long-term investment required to address the infrastructure needs that some EZ sites have. DCLG have recently made a £59m fund available to provide the recoverable investment needed to unlock sites with real potential to deliver the jobs and growth that local economies need.
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Notes2:
Sourcefile: DCLG_2013.csv

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