Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

enterprise zones

Enterprise zones are designated areas that offer a range of benefits with the aim of attracting new businesses to an area or promoting investment from existing businesses. The range of incentives offered varies and may include: relief on local business rates; tax credits on investments in capital assets; relaxing or simplifying planning processes to make construction of premises cheaper and quicker; access to superfast broadband.

Enterprise zones in assisted areas also qualify for enhanced...