Enterprise Zone Business Rates

Over the next 25 years the enterprise zone will create around 55 000m2 of new commercial floor space for employment use. Middlesbrough is now in tier 3. State aid and business rate discounts guidance for local authorities in applying the business rate discount in enterprise zones.

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There are restrictions on some businesses and meeting people.

Enterprise zone business rates. Businesses that locate on an enterprise zone can access a number of benefits. However the qualifying period for relief ended on 31 march 2018 and therefore applications will not be accepted for those taking new occupation after that date. Enterprise zone business rate discounts.

There is a committed avis way and north quay business forum with an active membership of 30 businesses who meet regularly to discuss and resolve issues within the estate to ensure that there is a thriving business community. What benefits do enterprise zones offer businesses. If you re starting up or relocating to an enterprise zone you could qualify for business rates relief.

Businesses locating to an enterprise zone before 31 march 2018 are entitled to a business rate discount of up to 100 over a five year period worth up to 275 000 per business as well as enhanced capital allowances for the purchase of machinery and equipment. Published 1 february 2012 from. Up to 100 business rate discount worth up to 275 000 per business.

Official government website about the 24 enterprise zones in england which offer business rates relief superfast broadband simplified planning and more. You could get up to 55 000 a year over 5. The historic quarter centres around middlesbrough s grade ii listed railway station and links.

We give discounts on business rates for five years up to a maximum of 275 000 to encourage businesses to move into the temple quarter enterprise zone. An enterprise zone is a geographic area that has been granted special tax breaks regulatory exemptions or other public assistance in order to encourage private economic development and job creation. The council works out how the relief is applied.

See maps of the enterprise zones this is a complex area that is covered by legislation. Business that moved into these zones between 1 april 2016 and 31 march 2021 may be entitled to a discount on business rates for up to five years. Get the latest local updates.