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
2
Q
Reason
A
Created in areas which suffered de-industrialisation or collapse of main industries
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
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