Enterprise Zones Flashcards

1
Q

Details and named example

A

Small areas of land which offered special incentives to try and attract new businesses, particularly high tech ones
Firms were offered reduced prices

Wirral Waters

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Reason

A

Created in areas which suffered de-industrialisation or collapse of main industries

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Successes

A

Urban areas benefitted from new and diversified jobs
Lower business rates for first few years
Reduced planning ‘red tape’
Infrastructure incentives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Limitations

A

Few succeeded in creating jobs and those created tended to be old or existing
Businesses simply relocated elsewhere causing decline in that area

How well did you know this?
1
Not at all
2
3
4
5
Perfectly