Yet, as we report today, not a single council has applied to set up an ADZ
. The likeliest explanation for this is that the system is overly bureaucratic and complicated, and that local authorities are doubtful whether an ADZ
would really work.
If approved, future rate income from new businesses in the ADZ
would go to the councils instead of the Treasury.
"We have some concerns about ADZs
in relation to bureaucracy," he told the Commons Home Affairs Select Committee.
Conservative home affairs spokesman James Brokenshire said: "ADZs
are unworkable and unwanted.
Mr Blackett added: "We are writing to give our full support to the initiatives being developed by the City Region of Birmingham, Coventry and the Black Country - particularly its proposition of a City Region Transport Accelerated Development Zone (ADZ
), its Multi Area Agreement (MAA) proposal to boost skills levels and reduce economic inactivity, and its submission to be a City Region Forerunner."
'This quite simply has to stop.' Within ADZs
, a 'yellow card" system would give disorderly pubs and off-licences eight weeks to clean up their act or face a bill for extra policing, street-cleaning and even hospital costs.
In its election manifesto, and indeed in its last budget, the Labour Party proposed the introduction of Tax-Increment Finance (TIF) schemes, in the form of Accelerated Development Zones (ADZs
), to help fund development.
But the plan needs government backing to go ahead so chairman of the City Region and Birmingham Council leader Mike Whitby has made a detailed pitch for support in a letter to Gordon Brown The new ADZs
would allow the councils to borrow money for investment in key areas and then use a proportion of the business rates generated following development to pay off the loans.
It assumes activity would be phased over 25 years and the proposed ADZs
could deliver around 300,000 sq m office development as well as supporting further university development, more hotels and increased retail space.
"I don't see a return to debt-based delivery of regeneration for quite a while, and I think the next wave of regeneration will come from the people that get ADZs
(accelerated development zones) right first."
I believe that Accelerated Development Zones (ADZs
) provide the answer.
Glyn Pitchford, the BVWM business representative on the City Region board, said: "ADZs
, which originated in the United States, could be the much needed gap funding device to stimulate the regeneration we need and take forward some much sought-after projects."