Six regions across the West of England are in the running to become so-called ‘Investment Zones’, chancellor Kwasi Kwarteng has announced.
The government is in discussions with 38 local authorities in England and has said the selected areas, which will benefit from tax relief, will drive growth and unlock housing across the UK.
The zones are designed to encourage investment and new economic activity, supporting growth and jobs. The regions in the South West on the long list include: Somerset County Council, Cornwall Council, Gloucestershire County Council, Plymouth City Council, Dorset Council, and the West of England Combined Authority area.
