Enterprise Zones could cost £50,000 per job and provide few lasting benefits
28 February 2011
Notes to editors:
- The figure of £23,000 is taken from an evaluation by PA Cambridge Economics in 1987. This figure is in 1987 prices, and using GDP deflators from HM Treasury shows this is equivalent to around £50,000 at today’s price level.
- Andrew Sissons is available for interviews and briefings.
- The report a joint release from The Work Foundation’s Knowledge Economy and Ideopolis research programmes.
- In a coordinated release, Centre for Cities is also publishing a report on Enterprise Zones. Media contact: Rachel Tooby, 020 7803 4316
- The Work Foundation is the leading independent authority on work and its future. It aims to improve the quality of working life and the effectiveness of organisations by equipping leaders, policymakers and opinion-formers with evidence, advice, new thinking and networks. In October 2010, Lancaster University acquired The Work Foundation, forming a new alliance that will enable both organisations to further enhance their impact.