Supporting economic growth by offering space for businesses from startup to scaleup.
Enterprise Zones are designated areas across England that provide tax breaks and government support. They are great places to do business especially for both new and expanding firms. Enterprise Zones are part of government’s strategy to support businesses and enable local economic growth and the North East Enterprise Zone is managed by the North East LEP.
The North East Enterprise Zone is made up of 21 sites that have been strategically selected to drive growth by building on local strengths, making the most of our natural and physical environment, skills and existing business base, as well as the innovation ecosystem.
The sites benefit from agreements that enable up-front investment and speedy development of facilities, as well as simplified planning processes.
The North East Enterprise Zone sites are:
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A19 Corridor
Sunderland
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Follingsby Max
Gateshead
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Neptune Yard
Newcastle
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Holborn Riverside 1
South Tyneside
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Swans Energy Park
North Tyneside
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Holborn Riverside 1
South Tyneside
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Royal Quays Enterprise Park
North Tyneside
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Newcastle International Airport Business Park
Newcastle
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Northumberland Energy Park
Blyth, Northumberland
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Ashwood Business Park
Ashington, Northumberland
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Commissioners Quay
Blyth, Northumberland
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Port of Sunderland
Sunderland
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Bate and Wimbourne Quays
Blyth, Northumberland
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International Advanced Manufacturing Park – IAMP
South Tyneside and Sunderland
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Dun Cow Quay
Blyth, Northumberland
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Jade Business Park
Seaham, County Durham
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Ramparts Business Park
Berwick, Northumberland
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Fairmoor
Morpeth, Northumberland
What are the benefits for businesses?
Each site offers one of the following two benefits:
- Business rate discount – businesses can claim up to 100% discount against business rates that are worth up to £275,000 that can be claimed over a five year period through occupying premises on an Enterprise Zone site.
- 100% enhanced capital allowances – this tax relief is issued to businesses making large investments in plant and machinery.
Want to learn about the benefits of and national approach to Enterprise Zones?
Visit the Enterprise Zones website for more information.
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