2015 Report details for project: Enterprise Zones Programme

Project name Enterprise Zones Programme - there are 3 reports for this project: 2013, 2014, 2015
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Organisation DCLG (D4) - see all reports for this organisation
Report year 2015 (data is from September 2014)
Category Transformation - see all reports for this category
Description: The Enterprise Zones (EZ) Programme is a key part of the Government’s wider plans for local and national economic growth. The 24 Enterprise Zones offer businesses financial incentives, fast track planning and superfast broadband to support the creation of new jobs and business. Local Enterprise Partnerships (LEPs) are the key agents overseeing the development of the zones. Delivery is taken forward by varying local partners depending on the exact circumstances of the zone. In the majority of cases, local authorities are closely involved in delivery as will relevant land owners and developers. Relevant government departments are working closely with LEPs and other local partners, supporting them to unlock barriers to development and successfully deliver development. Since January 2013, the Government has taken a more hands-on approach to manage the programme to ensure no zone is without development by 2015. Each zone has a series of key actions for LEPs, EZs and Government departments to accelerate progress by 2015. Programme aims: • to drive progress in each zone to ensure no Enterprise Zone is without development by 2015; • to support successful delivery of the 24 EZs so that they create new (net) additional jobs and businesses and contribute to net additional local and national growth.
DCA (RAG) Amber
DCA text: As at Quarter 2, the programme was pending the reassessment of programme delivery following the January 2014 MPA Gate 0 review report. The aim of no zone without development by 2015 has been achieved. Zones reported that by end September 2014 12,500 new jobs were created and over 400 new companies were now based in zones and that there had been over £2 billion of private sector investment. End of December 2014 returns from zones show that over 15,500 new jobs will have been created. This milestone demonstrates the significant progress that zones have made during 2014 supported by central funding opportunities, increased brand awareness, an Her Majesty Government (HMG) wide approach and enhanced programme management processes. Improvements to Portfolio Management Office processes since the MPA Review include implementation of strengthened governance, risk management, stakeholder engagement, benefits realisation planning and financial monitoring. Work to quality assure the data collected from the Zones continues. The Building Foundations for Growth (BFG) capital grant funding programme progresses well and is on target to support zones with £120m by the end March 2015, making a real impact on the development journey of 16 zones across the country. On the EZ commercial support package; Local Partnerships and land & property consultants, DTZ Debenham Tie Leung Ltd and GVA Grimley Ltd continue to provide expert advice to EZs; with the final few pieces of work due for completion by March 2015.
Start date 2011-03-23
End date 2038-03-31
Schedule text On schedule to deliver on all timescales
Baseline £220.30m
Forecast £220.30m
Variance 0.00%
Variance text: Budget variance less than 5%
Whole Life Cost £228.30m
WLCost text: £228.30m covers a 3 year period from 2013 to 2016.
Sourcefile IPA_2015.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.