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Alistair Houghton

Jeremy Hunt confirms investment zones plan for Scotland - and boost to innovation and R&D in Glasgow

Jeremy Hunt Glasgow Scotland Budget West Midlands

Chancellor Jeremy Hunt has confirmed plans for investment zones in Scotland and across the UK - and is also announcing a funding boost for science and innovation in Glasgow.

The Treasury confirmed tonight that as part of Wednesday’s Budget speech, 12 investment zones would be set up to “drive business investment and level up”, each backed with £80m.

Eight locations in England have been named, while the UK Government is working with the devolved administrations to establish four more investment zones in Scotland, Wales and Northern Ireland.

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