2014 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: 2014 (data is from Sept 2013)
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 and national economic growth. The 24 Enterprise Zones offer businesses financial incentives, fast track planning and superfast broadband to support the creation of new jobs and business. Local Enterprise Partnerships (LEPs) are the key agents overseeing the development of the zones. Delivery is taken forward by varying local partners depending on the exact circumstances of the zone. In the majority of cases, local authorities are closely involved in delivery as will relevant land owners and developers. Relevant government departments are working closely with LEPs and other local partners, supporting them to unlock barriers to development and successfully deliver development. Since January 2013, the Government has taken a more hands-on approach to manage the programme to ensure no zone is without development by 2015. Each zone has a detailed action plan in place which sets out key actions for LEPs, EZs and Government departments to take to accelerate progress by 2015. Programme aims: • to support successful delivery of the 24 EZs so that they create new (net) additional jobs and businesses and contribute to net additional local and national growth. • to drive progress in each zone to ensure no Enterprise Zone is without development by 2015
DCA (RAG): Amber/Green
DCA text: DCLG's Enterprise Zone team are continuing to work with all EZs, local partners and other government departments to ensure that significant progress is being made across each Zone. We have supported every zone to put simplified planning in place with 45 Local Development Orders now across the Zones. Superfast Broadband, or faster, is currently available across 18 Zones. We have also made available a range of funding to Zones to address infrastructure issues that are holding back key sites from being developed. In addition to this we have also recently secured an extension to the deadlines for accessing business rate discount and enhanced capital allowances in EZs which was announced at Budget 2014. We are also providing land and property support for all zones that need it through DCLG and the Homes and Community Agency as well as providing bespoke advice on land and property issues and marketing sites and offers to potential investors and occupiers.
Start date: 2011-03-23
End date: 2038-03-31
Schedule text: On schedule
Baseline: £111.00m
Forecast: £0.00m
Variance: -100.00%
Variance text: The budget for the Programme has been revised for 2013/14:
Whole Life Cost: £211.00m
WLCost text: Budget for 2014/15: £77m (Local Infrastructure Fund); £34m (Homes & Community Agency Investments from its Economic Assets Programme) £100m (EZ Capital Grant Fund) £1.0m (EZ Commercial Support package) 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.
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Sourcefile: IPA_2014.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.