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Enterprise Zone Allowances

 

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In 2010 the government created a number of new style Enterprise Zones in a number of designated areas to stimulate the growth of business. Companies that invest in these zones receive a number of benefits including, superfast broadband, simplified planning regime, business rate discounts and generous capital allowances benefits.

In order to claim, the business must be a UK corporation tax paying company. Sole traders, partnerships and corporate partnerships are not eligible for relief.

Perhaps unhelpfully, these allowances are also known as Enhanced Capital Allowances and like the similarly named allowance for energy and water saving technologies, they also give a first year allowance of 100% of qualifying expenditure to companies investing in plant or machinery in designated enhanced capital allowance (ECA) sites in Enterprise Zones.

The relief is available until 31 March 2020.

Edinburgh Office

The Edinburgh Office
64a Cumberland St
Edinburgh
EH3 6RE

Phone: 0131 610 0056
Mobile: 07909 962279

 

Glasgow Office

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Glasgow Office

Collabor8te
22 Montrose Street
Glasgow
G1 1RE

Phone: 0141 432 0056
Mobile: 0770 333 4317

 

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