Spring budget: Chancellor Jeremy Hunt to announce 12 new investment zones to 'supercharge' hi-tech growth

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

The government said the scheme, which is backed by £80m of investment over five years in each of the new high-growth zones, is designed to accelerate research and development in the UK's 'most budding industries'.

Chancellor Jeremy Hunt will use his first budget to set out plans for 12 new investment zones to"supercharge" growth in hi-tech industries.

Each of the new investment zones will be clustered around a university or other research institution, the Treasury said, bringing growth to areas which have traditionally underperformed economically. Eight areas in England have been shortlisted: the East Midlands, Greater Manchester, Liverpool, the North East, South Yorkshire, the Tees Valley, the West Midlands and West Yorkshire.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There seems to be a lot of detail being released about the Budget, what happened to the secrecy around it, or is that another victim of a Govt desperate to find some good news and milk it while they can?

It's like part of the EU..but not...failure of a government to make people poorer... English people need to wake up...if the European Union was no good..why is the British union any good....time to end the 'united kingdom'

Any investment in the North of England, no same as the last 13 years and ever Tory government before.👍

DEPORTED back to South Africa after six years in Scotland. Don't drink alcohol don't take drugs. Grand parents From BRITAIN. Uneployment 14 million people in South Africa. Trades man. Now homeless in South Africa. No food banks. 🇿🇦🇬🇧 Home office Croydon London to blame.

Lol another buzz word that will mean absolutely nothing. Looking at you 'levelling up'

Not another scheme!

How many will be north of Watford Gap?

Err, why not make the WHOLE OF THE UK an investment zone, you CRETIN? Here is the business Budget we SHOULD have. From the always excellent BRITISH PATRIOT blog. Read, enjoy and SUBSCRIBE (for free!):

The zone is the front bench of the government.

More tax free havens & corruption zones?

Ramp it up

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines