Why Liz Truss's investment zones should not be scrapped, say leaders in North and Midlands

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⬇️ Why Liz Truss’s idea of investment zones should not be scrapped, according to leaders in North and Midlands

in Thursday’s Autumn Statement will damage growth in areas in the North and the Midlands, local government leaders and businesses have warned.

But barely two months later the policy looks set to be dumped, or at least watered down significantly, after Ms Truss’s government collapsed. “For me, the whole investment zone policy just encapsulates the chaos that we’ve had to put up with under the Conservative government for the past few months,” he told“It came out in a blaze of glory a few weeks ago as the big way of getting economic growth in places like Hull, now under the new administration it’s deemed to be the wrong approach.

“I think what councils are calling for is some stability, whether we like a policy or not, we need a government that’s stable.In Northumberland, authorities submitted two bids for investment zones running along the train line from Newcastle to Ashington which is due to reopen for passenger services next year.

The project has planning permission and would generate thousands of skilled jobs and billions of pounds in investment, local leaders say.

 

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