development area


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development area

see REGIONAL POLICY.

development area

an area of the country formerly designated under UK REGIONAL POLICY (for example, the Northeast and South Wales) as qualifying for financial and other assistance in order to promote industrial regeneration. Development Areas reconfigured (in 2002) as ‘Tier 1 ASSISTED AREAS' under a joint UK/EUROPEAN UNION regional policy programme. Development/Tier 1 areas are characterized by UNEMPLOYMENT rates that are significantly higher, and levels of INCOME PER HEAD that are significantly lower, than the national average. To remedy this situation, the usual practice is to encourage the establishment of new firms, the expansion of existing firms and the establishment of new industries by offering a variety of investment incentives: investment grants and allowances, tax write-offs, rent- and rate-free (or reduced) factories, etc.

In the UK, firms investing in the assisted areas are offered REGIONAL SELECTIVE ASSISTANCE, which is given on a discretionary basis to cover capital and training costs for projects that meet specified job-creation criteria.

References in periodicals archive ?
Accompanied by representatives of the Development Bureau, the Lands Department, the Planning Department, and the Civil Engineering and Development Department, Members visited Tin Sam San Tsuen, Sun Fung Wai and Yick Yuen Tsuen in the New Development Area to observe the agricultural land and several buildings, including shrine, antique well, pai lau, cottage houses and ancestral houses, in order to understand the impacts of the development project on the local farmers and households.
The company plans to construct a factory on a permanent site within Tianjin Binhai Hi-Tech Industrial Development Area.
The Punjab government and administration committee of the National Linyi Economic and Technology Development Area also agreed to organize events, trade fairs and exchange delegations besides participating in such events organized by each other.
In addition, Armstrong has the option of acquiring an additional 6% and assuming operatorship in the development area.
BOT projects in the Changbai Mountain Wildlife Protection and Development Area
He said existing major development areas such as the Pearl and Katara will also benefit greatly from the project with improved interchanges and better journey times for residents, businesses and visitors to the area.
The Ma'an Development Area (MDA), an area of approximately 9 sq km consisting of four complementary components, is set to become a regional hub for industrial activity and a centre of excellence for vocational training in Jordan.
One of Swansea's most successful development areas, Swansea Vale, has taken a major step forward following a new agreement between the local authority and the WDA.
It is in the heart of the New Williamsburg development area of important luxury condominium development.
Cabot, Boston, MA, plans to build a specialty carbon black unit at its plant in the Tianjin Economic and Technological Development Area.
We enter Weifang and see a development area designated and funded by the Chinese government.
The discontinuance by NBCC of the NCCC credential has removed the special distinction for individuals with specialized training and experience in the career development area.

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