The North Kent Enterprise zone was announced in the Autumn Statement in November 2015 by Chancellor of the Exchequer. The plans were for 26 new or extended enterprise zones to be added to the 24 zones that were created in 2012. These Enterprise Zones are thought to be a key
The Minister responsible for implementing the “Northern Powerhouse” strategy into this country, Andrew Percy, has claimed that the government is investing as much as it can into the cities of the North and expects to do much more besides. This statement precedes what he will explain to a number of
The North Kent Enterprise zone was announced in the Autumn Statement in November 2015 by Chancellor of the Exchequer. The plans were for 26 new or extended enterprise zones to be added to the 24 zones that were created in 2012. These Enterprise Zones are thought to be a key part of the strategy laid out by the government to create local area growth in a number of different areas around the country. The North Kent Enterprise Zone has gone live, which will give financial incentives for businesses that relocate there. The Enterprise Zones are offering benefits including business rate discounts that could be worth anything up to £55,000 for 5 years. The plan is that the uplift generated by the business rates will be retained by their local authorities in order to allow them to invest it locally in economic growth. The funds will be retained by the authorities for 25 years, which should allow them to get the best investment possible from the uplift. The North Kent Enterprise Zone was expected to begin on the 1st April. It is thought that the new Enterprise Zone will create growth in the local area and also lead to more jobs being generated. The business rates discounts will be available to those who move to the Enterprise Zone by 31st March 2022. There are three different schemes that make up the North Kent Enterprise Zone: Ebbsfleet Garden City, Kent Medical Campus and Rochester Airport Technology Park. The Enterprise Zones are already in progress, and it is thought that the first tenants at the Zones will be welcomed at some point next year. The Local Growth Minister, Andrew Percy has said that their plans for these Enterprise Zones is to stimulate business growth by providing the right environment for them. These Enterprise Zones are intended in order to strengthen the British economy. It is thought that the Enterprise Zones will be a strong platform for businesses to expand and develop.
The Minister responsible for implementing the “Northern Powerhouse” strategy into this country, Andrew Percy, has claimed that the government is investing as much as it can into the cities of the North and expects to do much more besides. This statement precedes what he will explain to a number of leading businessmen and investors in the country at the next Northern Powerhouse Conference, which is planned to be held over two days in Manchester Central from the 21st-22nd of this month of February. With the intention of drawing the attention of over 3,000 representatives of different countries looking to invest and promote the growth and prosperity of the area, this suggests a great deal of confidence in Andrew Percy that the event will be a successful one and will ensure that the future of the “Northern Powerhouse” is in safe hands. Indeed, in a statement that he made a few days ago, Andrew Percy said that with an area valued at £316 billion (and this was back in 2015, imagine he seems to say what it will be now!) the North is very much set and ready to experience an even greater amount of investment and growth into its economy than it has ever experienced before. Andrew Percy is confident that with the government’s support and with the help of such international corporations looking to invest into the area such as Nissan as well as Lufthansa the dreams of a “Northern Powerhouse” are certain to be achieved. Despite the worries of Britain’s exit from the European Union and the maneuvers of a Tory government that is spreading social inequality in the country that is harkening back to the dark days of social desperation that were rife during the Margaret Thatcher reign, Andrew Percy remains evermore confident that the plans to erect a “Northern Powerhouse” are still well and truly capable of being achieved. I have the feeling I’m not in Kansas anymore.
