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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Budget 2023: West Midlands poised to get new investment zone

A new investment zone for the West Midlands is set to be announced by Chancellor Jeremy Hunt during the Budget tomorrow - one of several across the country.

Mr Hunt is expected to confirm that each region will be backed by £80 million of funding over five years and the zones will include generous tax incentives to be used to improve skills, provide specialist business support, improve the planning system or for local infrastructure.

They have been designed to drive growth in five key sectors - life sciences, creative industries, digital technology, advanced manufacturing and green industries.

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