Government puts another £100m into enterprise zones

The government is putting an extra £100 million into the UK’s enterprise zones, to help them finance infrastructure projects, which it hopes will make the areas more attractive for inward investment from technology and other firms.

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The government is putting an extra £100 million into the UK’s enterprise zones, to help them finance infrastructure projects, which it hopes will make the areas more attractive for inward investment from technology and other firms.

Government communities secretary Eric Pickles said: "Enterprise zones are at the centre of our plans to back business, help local economies grow stronger and give the UK that competitive edge.

"We want to help them grow further and faster and this extra £100 million investment will ensure they have the infrastructure in place to successfully attract even more businesses and create many more local jobs."

As an example of where enterprise zones are already proving successful, the government cited Sci-Tech Daresbury in Cheshire, which is said to have attracted 13 new science and technology businesses into the zone already, and which will be commencing infrastructure works, new office builds and laboratory space later this year.

The £100 million will be a competitive fund. Enterprise zones can submit up to one bid each with a deadline for bids of 18 November.

The government said it was already investing nearly £700 million to support enterprise zones and their local enterprise partnerships.