Staffordshire is being considered by the Government as a location for one of its new Investment Zones, it has been confirmed today.
The Investment Zones will aim to encourage investment and new economic activity, supporting growth and jobs.
Speaking in Parliament this morning, Chancellor Kwasi Kwarteng said: “To support growth right across the country, we need to go further, with targeted action in local areas.
“So, today, I can announce the creation of new investment zones. We will liberalise planning rules in specified agreed sites, releasing land and accelerating development.
“We will cut taxes. For businesses in designated tax sites, for 10 years, there will be accelerated tax reliefs for structures and buildings, and 100% tax relief on qualifying investments in plant and machinery.”
Staffordshire is one of 38 local authority areas under consideration for the zones which will ease planning regulations and cut taxes.
You must be logged in to post a comment.