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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/03/enterprise-zones-to-make-comeback.jpg"><img class="alignnone size-full" title="George Osborne will set out plans for creating at least 10 'enterprise zones' across Britain" src="http://londonglossy.com/wp-content/uploads/2011/03/min-enterprise-zones-to-make-comeback.jpg" alt="George Osborne will set out plans for creating at least 10 'enterprise zones' across Britain"/></a></p>
<p>Chancellor George Osborne is to set out plans for creating at least 10 &#8220;enterprise zones&#8221; across Britain, in a scaled down revival of the Thatcher government&#8217;s urban renewal scheme.</p>
<p>The zones will be targeted in areas of &#8220;high growth potential&#8221; and offer incentives such as simpler planning rules and tax breaks for firms.</p>
<p>Councils will also be allowed to keep revenue from business rates so it can be ploughed back into the local economy.</p>
<p>Speaking at the Conservative spring conference in Cardiff, Mr Osborne will insist the system will have more success at promoting growth away from the South East than Labour&#8217;s &#8220;bureaucratic&#8221; Regional Development Agencies (RDAs).</p>
<p>But critics have warned that the £100 million of funding available over four years is not enough, given that RDAs were handed billions of pounds.</p>
<p>Mr Osborne&#8217;s announcement is part of a wave of measures to be unveiled by ministers before the Budget on March 23, intended to prove that the government has a coherent strategy for growth.</p>
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