Definitions for "Enterprise Zones"
See export processing zone.
Designated areas that receive tax incentives and direct funding to stimulate economic development.
Certain areas in which the Government particularly wants to encourage investment have been designated as enterprise zones. Those who set up business within an enterprise zone get certain advantages for a limited number of years, such as not paying business rates and entitlement to 100% relief for expenditure on new buildings for use in the trade.
Certain regions of the UK designated by the Government for preferential tax and rates treatment for ten years.