Enterprise Zone Business Rates – Forecast and Update on Planned Use

October 21, 2025 Cabinet (Cabinet collective) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

The Cabinet of Oxfordshire Council decided to approve recommendations on 21/10/2025. They approved noting the intention to develop an Enterprise Zone Investment Plan, endorsing proposed investment priorities, and conditionally approving allocations of up to £10m for the OxRail strategy, up to £4m for infrastructure enhancing Enterprise Zone access, and £0.700m in 2025/26 for economic strategy and delivery capacity. They also approved an ongoing allocation of up to £1.254m annually from 2026/27 to 2027/28 for additional economic capacity and capability, and approved switching £15.7m of remaining funding to directly finance capital investment for the City Deals & Pinch Point Programme.

Full council record

Purpose

To provide an update on forecast retained
business rates for the two Enterprise Zones in Oxfordshire and
existing planned use.

Decision

Recommendations approved.

Related Meeting

Cabinet - Tuesday, 21 October 2025 2.00 pm on October 21, 2025

Supporting Documents

CA211025 Enterprise Zone Business Rates - Cabinet Oct 25 V5 Final.pdf

Details

OutcomeRecommendations Approved
Decision date21 Oct 2025
Subject to call-inYes