Almost forty areas are in the running to become new so-called 'investment zones' aimed at speeding up development and boosting local economies, Chancellor Kwasi Kwarteng is set to announce. The new Chancellor will outline his vision tomorrow morning for the country following the recent appointment of Liz Truss as Prime Minister and her new-look cabinet.
Included in his plans is the offer to 38 local and combined authorities in England to establish new investment zones aimed at getting those local economies growing (scroll down for full list).
The Government said each zone would offer generous, targeted and time-limited tax cuts for businesses, backing them to increase productivity and create new jobs which could encourage investment in new shopping centres, restaurants, apartments and offices.
