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Jeremy Hunt to create 12 new low-tax investment zones outside of London in Spring Budget

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Chancellor says new zones will be clustered around universities and research centres to boost innovation and growth

Under Ms Truss’s proposals, 38 local authorities were invited to put forward bids to develop low tax, low regulation sites to try and kick start local economies in traditionally disadvantaged regions.that just eight will be created in England, with a further four yet to be agreed in Northern Ireland, Scotland and Wales as part of the Treasury’s commitment to the levelling up agenda.

According to the Government, the money will be used to improve skills, provide specialist business support, improve the planning system, or to boost local infrastructure.

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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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