Eight sites in North East Lincolnshire have been submitted to the Government for Investment Zone status consideration.
The local authority has outlined how they reflect priorities of business growth and urban regeneration, with the opportunity having emerged as part of the highly controversial mini-budget that has ultimately cost Kwasi Kwarteng his position as Chancellor.
While a planned scrapping of the corporation tax increase has now been axed, taking it to 25 per cent from 19 per cent from next April, on top of the 45 per cent rate of income tax u-turn affecting high earners, the growth-stimulating proposals aligned with freeports appear to be safe. All eyes will now turn to new Chancellor Jeremy Hunt and the Medium-Term Fiscal Plan which will still be delivered on October 31. Mr Kwarteng had highlighted Hull's role in talks in a briefing prior to taking the despatch box, but the city was omitted from his speech on the day. It subsequently emerged all four Humber authorities were party to the opportunity, as four of a group of 38 participating. Their selected sites have yet to be published.
