In Northern Ireland, many of the benefits associated with Enterprise Zones are the devolved responsibility of the Northern Ireland Executive.
The 2013 economic pact, Building a Prosperous and United Community, indicated that the Government would consider designating a range of sites within any Northern Ireland Enterprise Zone as eligible for Enhanced Capital Allowances, which as part of the UK’s tax system remain a non-devolved responsibility.
In March 2014 the NI Executive indicated that it was considering creating a pilot Enterprise Zone near Coleraine. The Government remains open to examining the case for offering Enhanced Capital Allowances at that, or alternative, locations when proposals are brought forward by the Executive.
Budget 2014 announced that businesses located within the Executive’s proposed pilot Enterprise Zone near Coleraine will benefit from enhanced capital allowances until 2020. I understand the Executive continues to work towards the implementation of this pilot Enterprise Zone.