12 new low-tax investment zones revealed by Jeremy Hunt in levelling up boost

Hundreds of local authorities put in bids for the original zones but were later informed their plans would not come to light.

The Treasury will also provide more funding to help regenerate certain areas, following a trial in Grimsby, by bringing together town halls, MPs and civic leaders to build a "big picture" of what is needed there. A pot of £100 million will then be shared across Glasgow, the West Midlands and Greater Manchester to make them globally competitive centres for research and innovation in 26 R&D projects.

New health and medical technologies will be accelerated at the University of Birmingham and the Manchester Turing Innovation Hub will link business to high-tech AI research to boost productivity.said: “Levelling up means backing local growth across the UK, driving innovation to attract investment and putting power into the hands of local communities so they can reach their full potential.

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Spring budget: Chancellor Jeremy Hunt to announce 12 new investment zones to 'supercharge' hi-tech growthThe 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'. Ramp it up More tax free havens & corruption zones? The zone is the front bench of the government.
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Jeremy Hunt to create 12 new low-tax investment zones outside of London in Spring BudgetChancellor says new zones will be clustered around universities and research centres to boost innovation and growth
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