INVESTMENT ZONES TO LEVEL UP
Of the many announcements made by the Chancellor today, I am most excited about plans to establish up to 38 “investment zones” across England which will benefit from tax cuts and speedier planning rules.
Potential zones include the West Midlands, Tees Valley, Somerset and Hull.
Each zone will offer generous, targeted and time-limited tax cuts for businesses, backing them to increase productivity and create new local jobs.
This will encourage investment in new shopping centres, restaurants, apartments and offices – creating thriving new communities. No doubt these investment zones will help to turbocharge economic growth in left-behind communities, solidifying the levelling-up agenda at the heart of the new Government.
