Enterprise Zones were introduced in England in April 2012. They were central to the Government’s plan to support businesses, create jobs and provide long term economic benefits. Every business that chose to set up a base in a zone was offered rewards including discounts on business rates, enhanced capital allowances and simplified planning for a range of developments. Initially 24 zones were set up throughout England.
It was estimated that between 6,000 and 15,000 positions could be created by the end of 2015 thanks to the plan. In March 2016 it was revealed that the number of new jobs in the areas had exceeded 24,000, showing that the plan had been highly effective. Further confirmation of this came with the release of the Spring Budget when it was announced that zones would be extended and 3 more were being established to take the total to 27.
One of the most successful Enterprise Zones has been the Northern Powerhouse area. This north has proven to be incredibly attractive for businesses in several industries including the automotive sector. In the quarter to September 2015 the number of jobs created in the area was up by an impressive 11%. Further expansion is expected following the significant growth that has already occurred.
To date the Enterprise Zones have attracted investments worth £2.4 billion and encouraged hundreds of businesses to set up in the area. In fact approximately 600 new companies from a range of sectors now have a base in one of the areas.
At John Gibson Associates we work with businesses from the entire automotive industry including manufacturers, component makers and dealers. We provide recruitment services for motor industry jobs and are committed to helping businesses to find the quality staff they need. Our support can be invaluable to clients, particularly those from highly competitive sectors where there is high demand for talented staff.
For help with recruitment please contact us and discuss your needs with a member of our team. We operate across the UK and can help automotive businesses based in any of the Enterprise Zones.