Some regions of Motorsport Valley will benefit from the recent Government announcement of the location of 13 new Enterprise Zones across the UK. It hopes that these will help to create over 30,000 jobs over the next 3 years.
In addition to the major cities which were announced earlier this year, 13 new zones will be created in key locations which include Northampton, Alconbury in Cambridgeshire, Science Vale in Oxfordshire, Hinckley and other centres around the UK.
These zones will provide incentives for new and relocating companies and extra first-year capital allowances for investment in machinery in some of the zones. All these incentives should provide new companies with a boost to their cash flow.
Full details can be found here.
