Giant Size of LEP Holds Up the Enterprise Zone Decision

The Birmingham Post (England), March 31, 2011 | Go to article overview

Giant Size of LEP Holds Up the Enterprise Zone Decision


The vast size of the Birmingham and Solihull local enterprise partnership means firms will have to wait a little longer to find out where the coveted "enterprise zone" will be located.

Business and council leaders on the development board of the Greater Birmingham and Solihull Local Enterprise Partnership have met to thrash out the site for the zone, where new employers will be exempt from paying business rates for five years, saving them up to pounds 275,000 each.

It is understood that Eastside and Tyseley in Birmingham have both been nominated as potential sites for the enterprise zone, which was announced as part of a nationwide initiative in Chancellor George Osborne's Budget speech.

But as the LEP is one of the biggest in the country, covering Birmingham and Solihull as well as Redditch and Wyre Forest, East Staffordshire, Lichfield, Tamworth, Bromsgrove and Cannock, interim chairman Bridget Blow said the final decision had been deferred to a meeting next week.

Ms Blow said: "We have to realise that this is a very big LEP - it's one of the largest in the country.

"We have a choice of things we could use for our enterprise zone.

"But we will have to have another meeting to discuss it because there's a lot to look at.

"We want to make sure that we get the best possible outcome for the LEP in terms of job creation and economic growth which can benefit the area as a whole. …

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