Social cost holiday

The UK Government has introduced a new and very valuable incentive aimed at encouraging new companies to start up in the UK outside the area of London, the South and the South East of England.

With effect from 6th September 2010, and continuing until 5th September 2013, newly established businesses (including all those at the EBS and University of Warwick Science Park offices) can receive a holiday from the first GBP 5,000 of social costs paid to the first 10 employees who start in the company for the first 12 months that they are employed.

The Government has released more information on it’s website.