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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