Fladgate advises on launch of two Enterprise Zone funds

Our team: Ella Leonard

The government has, this week, announced locations for eleven new Enterprise Zones in England with the aim of boosting local growth and creating over 30,000 new jobs by 2015.

Fladgate has considerable experience of Enterprise Zones, having most recently advised long-standing client, FSA regulated sponsor, Tritax Securities LLP, on the closure of two Enterprise Zone funds.

The closings were particularly challenging as they included the requirement for both closings to occur only three weeks after the initial instructions were given and the need for tax advice to take into account the termination of the old Enterprise Zone allowance regime.

Mark Shaw of Tritax comments “To achieve the launch of two funds on such a tight timescale takes real teamwork from all involved and is only possible where the professional advisors identify absolutely with the goals of their clients. We are delighted that these are our 4th and 5th fund launches this tax year.”

Fladgate’s investment fund team is headed up by partners Ella Leonard and Philip Turner.

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