What is an Enterprise Zone?

Enterprise Zones are designated areas across England that provide financial incentives and government support for your business. They are places to do business, especially for both new and expanding firms.

Established in 2012 Enterprise Zones are at the heart of the government’s long-term economic plan, supporting businesses to grow.

What benefits do Enterprise Zone’s offer your business?

A move to Kingmoor Park Enterprise Zone means you get more for your business as you could be eligible to receive benefits including:

  • Up to 100% Business Rate Relief (BRR) worth up to £55,000 per year and a maximum of £275,000 per business over a 5-year period
  • 100% enhanced capital allowance (tax relief) up to a maximum of €125m to businesses making large investments in plant and machinery in their first year
  • Government support to ensure that superfast broadband is rolled out throughout the zone and, if necessary, public funding
  • Support from key public sector partners including with regards to planning advice and additional business support

Eligibility for Business Rates Relief (BRR) and how to apply

To be eligible for BRR your business must:

  • be located within the parts of the site to which BRR applies (see boundary map below)
  • align with one of the eligible key sectors or be able to demonstrate how your business activities support one of the key sectors and;
  • If relocating from elsewhere within the District of Carlisle satisfy a growth test.

If you are interested please read the Council’s BRR Guidance Note, or to apply complete an application form, available here.

Eligibility for Capital Allowance (ECA) and how to apply

To be eligible for ECA you must be located within the parts of the site to which ECA applies (see boundary map below). Expenditure must also comply with a number of detailed matters. Check out the Council’s ECA Guidance Note for further information.

How do I access key partner support?

We work closely with our partners at Carlisle City Council and the Local Enterprise Partnership to ensure ongoing support is provided to all our tenants. We can provide key contacts at these and other organisations or we are happy to raise queries on your behalf.

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