Enterprise Zones attract investment by offering business incentives, such as discounted business rates. The West Yorkshire Combined Authority (WYCA) will retain any business rate increase for 25 years. This will be used to fund development required at the Enterprise Zone sites and other Leeds City Region growth priorities. Companies investing in an Enterprise Zone area can also qualify for Enhanced Capital Allowances. This will provide financial support for investing in large equipment and machinery.
A package of incentives are available to companies locating and investing in the Enterprise Zone, including reduced business rates worth up to £275,000 over a five year period, simplified planning and a bespoke package of business support.
Grants of up to £500,000 are also available through the Leeds City Region Business Growth Programme to support relocation, premises fit outs and investment in capital equipment and machinery. Companies locating in the enterprise zone sites and making significant investments in plant or machinery can qualify for enhanced capital allowances, depending on tax and business status.
Where are our sites?
• South Kirkby Business Park (Wakefield)
• Langthwaite Grange Extension (Wakefield)
To check availability please contact:
Lucy McDonald, Place Manager