Part of York Central has been designated as an Enterprise Zone from April 2017.
Enterprise Zones are a key part of the government's strategy for enabling growth. Discounts in business rates offer substantial benefits to businesses choosing to locate to an Enterprise Zone. In turn, the business rates can be retained by the Local Enterprise Partnership for 25 years to re-invest in local economic growth.
Commercial occupiers entering the site before April 2022 may be eligible for a discount for a period of 5 years.
The Council’s Executive approved a policy for business rate relief in respect of the York Central Enterprise Zone on Thursday 18 May 2017.