Connecting to LinkedIn...

Blank

New generation Enterprise Zones must learn lessons of the past, says REC

New generation Enterprise Zones must learn lessons of the past, says REC
 
The REC today responded to Chancellor George Osborne's plans to reintroduce Enterprise Zones. The initiative was announced over the weekend at the Conservative Party's spring conference in Cardiff.
 
While creating tax incentives and relaxing often-arduous planning rules may be useful developments in terms of encouraging growth, many commentators have picked up on the fact that the track record of such zones in the 1980s was patchy at best.
 
Responding to the measures announced by the Chancellor, Tom Hadley, the RECs Director of Policy and Professional Services, said:
 
This latest policy initiative certainly has a retro feel to it. The true test will be whether the new generation of Enterprise Zones can achieve more than their predecessors.
 
Specific action in areas where economic growth has traditionally lagged may well enhance the outlook for recruitment activity in these regions. However, the Government must demonstrate that these new Zones build on the lessons from the past and can realty deliver investment and new jobs. In addition, we will nee to monitor any side-effects for employers and recruiters in adjoining areas that do not fall within an Enterprise Zone.
 
Incentives to help employers and boost job creation, such as reducing business rates, will be welcomed by entrepreneurs and established businesses around the country. However, there is now a real impatience within the recruitment industry and the business community as a whole for Government announcements to translate into tangible progress on the ground.

Tags:

Articles similar to

Articles similar to