Enterprise Zone Act 1981 (UK)

The Enterprise Zone Act 1981 is UK legislation that established designated areas called "enterprise zones" to promote economic growth. These zones offer businesses incentives such as tax relief, simplified planning rules, and reduced regulations to encourage investment and job creation. The act aims to rejuvenate economically challenged regions by making them more attractive for business development. It provides a legal framework for designating zones, implementing incentives, and supporting local economic regeneration efforts. Overall, it seeks to stimulate local economies through targeted government initiatives.