IT’S a case of wait and see as a final decision about the location of an enterprise zone for the Leeds City Region is put off until June at the earliest.
But the Leeds City Region Local Enterprise Partnership (LEP) has narrowed down the options: the Aire Valley in Leeds, the Wakefield M62 Corridor, Bradford city centre and Selby. A private sector-led task group will now look at the four options and make recommendations to the LEP meeting in June.
Leeds City Region LEP aims have an enterprise zone by April.
The zones are intended to encourage growth by attracting businesses with business rate perks, easier planning rules and superfast broadband. Revenue from the business rate will benefit the whole city region.
Chancellor George Osborne announced the creation of 21 zones in his Spring budget, one in the Leeds City Region which includes 11 local authorities.
Neil McLean, chair of the Leeds City Region LEP, said: “The Board had an excellent, lively and constructive debate about the merits of the enterprise zone proposals.
“Rather than rush to judgement before the enterprise zone comes into force next April, the Board are making sure that the decision is the right one, based on sound information and private sector scrutiny.
“I’m happy that we’re on track to deliver an enterprise zone that will produce real results from April 2012 and will benefit the whole of the Leeds City Region.”