A bid to create four so-called ‘investment zones’ in Warwickshire has been lodged with the Government. Plans for the new zones were announced by then Chancellor Kwasi Kwarteng in his Mini Budget in September.
Successful bids will benefit from tax breaks and other incentives aimed at encouraging investment in new shopping centres, restaurants, apartments and offices and there would also be liberalised planning rules to release more land for housing and commercial development.
Business and civic chiefs in Warwickshire are now hoping to win backing from central government to create the quartet of zones in a bid to drive investment, growth and job creation.
