HM Treasaury

Local authorities in conversation with government over new ‘investment zones’

Today saw the new Chancellor of the Exchequer, Kwasi Kwarteng, deliver his Growth Plan to parliament, with aims to unlock potential in the British economy, as well as tackling energy costs and inflation.

During the speech to the House of Commons, the Chancellor outlined how the government is in discussion with 38 local and mayoral combined authorities in England, surrounding the plans for new ‘investment zones.’ These zones are intended to offer ‘generous, targeted and time limited’ tax cuts for businesses inside the zone.

In his speech, the Chancellor said:

“Economic growth isn’t some academic term with no connection to the real world. It means more jobs, higher pay and more money to fund public services, like schools and the NHS.

“This will not happen overnight but the tax cuts and reforms I’ve announced today – the biggest package in generations – sends a clear signal that growth is our priority.

“Cuts to stamp duty will get the housing market moving and support first-time buyers to put down roots. New Investment Zones will bring business investment and release land for new homes in communities across the country. And we’re accelerating new road, rail and energy projects by removing restrictions that have slowed down progress for too long.

“We want business to invest in the UK, we want the brightest and the  best to work here and we want better living standards for everyone.”

Liberalised planning rules are also set to release extra land, to enable further housing and commercial development. As a key part of the plan, these areas are due to become ‘hubs’ for growth that will encourage investment in the communities.

 

 

The 38 local authorities that are currently in conversation with the government about the Investment Zones are:

  • Blackpool Council
  • Bedford Borough Council
  • Central Bedfordshire Council
  • Cheshire West and Chester Council
  • Cornwall Council
  • Cumbria County Council
  • Derbyshire County Council
  • Dorset Council
  • East Riding of Yorkshire Council
  • Essex County Council
  • Greater London Authority
  • Gloucestershire County Council
  • Greater Manchester Combined Authority
  • Hull City Council
  • Kent County Council
  • Lancashire County Council
  • Leicestershire County Council
  • Liverpool City Region
  • North East Lincolnshire Council
  • North Lincolnshire Council
  • Norfolk County Council
  • North of Tyne Combined Authority
  • North Yorkshire County Council
  • Plymouth City Council
  • Somerset County Council
  • Southampton City Council
  • Southend-On-Sea City Council
  • Staffordshire County Council
  • Stoke-on-Trent City Council
  • Suffolk County Council
  • Sunderland City Council
  • South Yorkshire Combined Authority
  • Tees Valley Combined Authority
  • Warwickshire County Council
  • West of England Combined Authority
  • West Midlands Combined Authority
  • West Yorkshire Combined Authority

 

The Theory of Devolution

PSE Aug/Sept 22

The Theory of Devolution

Our August/September edition of PSE brings you expert comment and analysis on a range of public sector topics, from decarbonisation and the environment to leadership. Learn about devolution, or the United Kingdom’s first net zero bus station as the public sector plays a key role in the development of the world that we live in.

Videos...

View all videos
#PSE365: Public Sector Digital Transformation

Be A Part Of It!

PSE365: Public Sector Digital Transformation Virtual Event | 15 Sept 2022

PSE has created a full calendar of events to address the most important issues that influence the delivery of public sector services. 

Over 365 days you’ll have the opportunity to hear from a range of highly motivating, informative and inspirational speakers. These speakers will equip you with knowledge and unique insight to enable you to overcome the challenges that you face.

Upcoming Webinar

Webinar: Driving sustainability & value through technology end-of-life

End-of-life is often overlooked yet is equally as important to a digital strategy, but what happens to end-of-life technology? What is the impact on the environment, net zero targets? What is the financial impact, is value for money for the taxpayer simply discarded and destroyed along with the technology?
 

Join us on 13 September between 2:00pm-2:45pm where we look to address the lifecycle of a digital strategy with a focus on end-of-life using examples, achieving efficiency, increased sustainability and delivering cost savings.


Guest Panellists:

Adam Turner, Head of Government and Public Sector Sustainable ICT and Digital, DEFRA
Ben Levin, Senior Manager, Technology Assesment and Criteria Development, Global Electronics Council
Fredrik Forslund, Vice President, Enterprise & Cloud Erasure Solutions, Blancco
Ben Tongue, Digital Net Zero Lead, NHS England

More articles...

View all