News

Investment zone plans scrapped in favour of research clusters

By 2022-11-18T11:34:00

hunt

Source: HM Treasury

Councils which made expressed interest in previous initiative told their bids will be shelved

Chancellor Jeremy Hunt has said all existing investment zone proposals will be dropped and the policy will be switched to benefit research ‘clusters’.

Delivering his autumn statement today, Hunt did not ditch the investment zone plan of his predecessor Kwasi Kwarteng entirely but made clear that all existing local authority bids for the programme - which included a number of major housing schemes - will not be taken forward.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.