Published: 11th Jul 2019

The number of new jobs created by enterprise zones around the country ‘has fallen well short’ of original government predictions, according to a new study. Research by the think tank Centre for Cities claims only 17,500 jobs had been created in the zones by 2017, compared to the original Treasury target of up to 54,000 more jobs by 2015. The report adds that ‘even’ if all the new jobs can be attributed to the enterprise zones and their policies, this would still be ‘less than a third’ of what the Treasury initially predicted. The 24 zones were created by the-then chancellor, George Osborne and became operational in 2012. The zones offered a series of incentives, including business rates discount of up to 100% over a five-year period, simplified planning and superfast broadband. According to the study, there has ‘much variation’ in the number of jobs created in the various zones. … (To read the full article, subscribe below)