Enterprise zones have created 15,500 jobs and generated more than £2.1bn in private investment, according to new figures.
Communities secretary, Eric Pickles said the figures show the 24 Enterprise zones - which offer tax incentives and simplified planning to kick-start projects - are helping to boost the economy.
Mr Pickles said: ‘Enterprise zones are now picking up the pace and really starting to deliver for the economy.
‘We’re seeing activity across the country from established sites attracting some of the biggest names in business to derelict sites being brought back to life. That’s because our long-term economic plan is giving businesses the confidence to invest.’
Mr Pickles said the 25-year growth plan has also seen more than 100 hectares of land developed, with 5.4 million square feet of new or refurbished floor space.