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Teifi Valley Local Growth Zone

Local Growth Zones (LGZs) were coined in a policy proposal by the Centre for Cities in February 2011 in anticipation of plans in England to reintroduce enterprise zones to stimulate economic growth. Rather than establishing enterprise zones with predefined incentives, a suite of interventions can be made available to LGZs, from simplified planning processes to funding towards skills support, to be trialled with the objective of encouraging and supporting jobs and economic growth. While enterprise zones are industry-specific and require a concentration of skills and resources, LGZs support all business sectors in a defined geographical area and can therefore be easily integrated into an exis

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