Economic Development Flashcards
1
Q
What is an LEP
A
Local enterprise partnership. Lead economic growth and job creation within a local area.
2
Q
What is the ERDF?
A
European Regional Development Fund.
2014-2020 just been announced
Used at digital village
3
Q
What are the benefits of enterprise zones?
A
The aim is to encourage job creation.
Business rate discounts, relaxed planning process, tax breaks
4
Q
What are the state rules
A
Must not distort competition
Must not use more than one stream of public funds