Enterprise Zone: Benefits
As well as the natural advantages of investing in Hertfordshire, the Enterprise Zone status brings a wide range of benefits:
Business rate relief: Businesses that occupy a building in the Zone before April 2022 could be eligible for a business rate discount of up to £55k per year over a five year period. This could equate to a saving of up to £275,000;
Simplified planning process: Any development proposal within the Enterprise Zone boundary will benefit from a quicker and simpler planning process;
Superfast broadband: Government support to ensure that superfast broadband is rolled out throughout the zone, and, if necessary, public funding;
A ‘one stop shop’ approach: Whether you’re a business, landowner or developer, you have access to the skills and services of the Enterprise Zone team. Led by Hertfordshire’s Local Enterprise Partnership, this partnership of public and private sector organisations work together to best meet your business needs.