18/08/2011
Local businesses in 11 new regions across the UK are set to benefit from their towns being named amongst the Government's second wave of enterprise zones.
The Independent report that businesses based in areas of Cornwall, Gosport, Kent, Humberside, Huntingdon, Harlow, Lowestoft, Great Yarmouth, Oxfordshire, Hereford, Northampton, Hinckley and Warrington should all find it easier to grow thanks to the announcement.
In these areas, businesses will entitled to relaxed planning rules, increased business rates growth and super-fast broadband to help expand their brand.
One way that businesses can free up money to capitalise on these changes would be to take advantage of opportunities such as invoice factoring.
This process allows businesses to receive advance payments on any money which is owed to them via documents such as invoices.
In an interview with The Mail Online, Prime Minister David Cameron claimed that businesses based in enterprise zones should have the resources available in order to prosper and kickstart the British economy.
Speaking about the prospects of economic growth, he said: "Enterprise zones are a major step towards delivering this, cutting business taxes, easing planning restrictions and giving business the tools they need to invest and expand.
"These new enterprise zones will be trailblazers for growth, jobs and prosperity throughout the country."
The announcement means that there is now a total of 21 enterprise zones throughout the UK.
Joe Elvin