28 November 2016

Enterprise Zone Status for Basing View

Enterprise Zone Status for Basing View makes it even more attractive and more cost-effective to locate in this unique central business district.

From April 2017, approximately half of Basing View will be designated as an Enterprise Zone, providing 100% rates relief of up to £275,000 over a five-year period, for companies that locate there by 31 March 2022.

Launched by central government in 2011, Enterprise Zones promote development, economic growth and job creation, and are defined commercial areas where businesses moving into the Zone benefit from various incentives.

A portion of the business rates generated in the Enterprise Zone for the next 25 years will be retained in the area by the Local Enterprise Partnership (LEP), Enterprise M3, and this will provide an investment fund that will support future economic growth across the Enterprise Zone. The funding will be used to invest in physical infrastructure and place-making projects which ensure the area remains globally competitive, with strong connectivity and world-class businesses and skills.

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New Basing View offices to boost Basingstoke’s business offer

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