Goonhilly has been awarded Enterprise Zone (EZ) status by national government.

Businesses that locate on an EZ can access a number of benefits:

  • Up to 100% business rate discount worth up to £275,000 per business over a 5-year period
  • Simplified local authority planning, for example, through Local Development Orders that grant automatic planning permission for certain development (such as new industrial buildings or changing how existing buildings are used) within specified areas
  • Government support to ensure that superfast broadband is rolled out throughout the zone, and, if necessary, public funding
  • 100% enhanced capital allowances (tax relief) to businesses making large investments in plant and machinery on 8 Zones in Assisted Areas

Businesses that locate on sites from the first round of Enterprise Zones must have done so before March 2018 to be able to access business rate relief. For new Zones starting in April 2016, they will need to have located onto the Zone before March 2021 to qualify.

On EZ sites where enhanced capital allowances are available (assisted areas), businesses now have up to eight years from the launch of the EZ to make their investment. Businesses thinking about locating to an Enterprise Zone can also find more information about investment opportunities at the Local Investment Showcase website.