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 ?
selection of a contractor to carry out design and survey work on the object engineering support of the individual development area in the village of staraya ruditsa, borovsky village council of the dzerzhinsky district 1 object (s), 45 607.
Justice Aderonke Aderemi had on May 6, 2019, delivered a judgment barring the state government, the governor, the House of Assembly or any of its agents from dissolving the executives of the local governments and local council development areas in the state.
The decision aim to provide support to qualified development areas such as the MDA, attract investment and provide employment opportunities for the people of the southern governorate.
"The road lies next to a prehistoric cemetery and associated structures located immediately to the south of Old Viewforth and, while its precise scale is unknown, it could stretch into the proposed development area.The site also lies on the immediate outskirts of the medieval burgh on a former raised beach, the base of which is associated with deposits of peat.
In 1990, Hoffman Estates and Sears entered into an agreement creating an economic development area to provide financial assistance for Sears to develop its corporate campus in Hoffman Estates.
The Gross Motor Development area, on the other hand, is intended to develop a child's physical skills which involve body movements.
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. Armstrong also acquired a 45% working interest (to add to its 30%) and operatorship in the jointly-owned exploratory lands (750,000+ acres).
The Software Development Area in the ConceptDraw Solution Park includes the Entity-Relationship Diagrams Solution, Data Flow Diagrams Solution, IDEF0 Diagrams Solution, and the new-and-improved Rapid UML Solution.
("Sound Global", or the "Company"; Stock Code: 00967.HK) is pleased to announce that the Company has won the following bids: Guojiadian Sewage Treatment Project in Lishu County, and the BOT (Build, Operate and Transfer) projects for the water supply plant and the municipal sewage treatment plant in the Changbai Mountain Wildlife Protection and Development Area in Jilin Province, China.
The development area for the Project, located in the eastern area of the Permian Basin, is expected to have enormous resources from the long history of drilling activities.

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