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Flashcards in Economic Development Deck (4):

What is an LEP

Local enterprise partnership. Lead economic growth and job creation within a local area.


What is the ERDF?

European Regional Development Fund.

2014-2020 just been announced

Used at digital village


What are the benefits of enterprise zones?

The aim is to encourage job creation.

Business rate discounts, relaxed planning process, tax breaks


What are the state rules

Must not distort competition

Must not use more than one stream of public funds