A host of infrastructure and development projects across the West Midlands could benefit from government plans to introduce new so-called ‘investment zones' across the country.
Chancellor Kwasi Kwarteng said today in his Mini Budget that the Government was in discussions with 38 local councils and combined authorities about the possibility of introducing these new zones.
They would benefit from targeted and time-limited tax cuts for businesses aimed at encouraging investment in new shopping centres, restaurants, apartments and offices as well as liberalised planning rules to release more land for housing and commercial development.
