Discover and read the best of Twitter Threads about #investmentzones

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A guide to the UK's #freeports and #investmentzones.

This is a work in progress and will be updated/rewritten when new information becomes available.

This links the official government information and may be slightly outdated (the maps, in particular).
Where are the UK #freeports?

England:

Teesside (Middlesbrough,
Stockton on Tees)

Solent (Hampshire, IOW)

Plymouth and South Devon

East Midlands (East Midlands Airport)

Freeport East (Felixstowe and Harwich)
Read 13 tweets
1/ Do investment zones hold the key to unlocking the UK’s growth problem?

#InvestmentZones #Freeports

ukandeu.ac.uk/do-investment-…
2/ First, they were very underwhelming in terms of total job creation. The Treasury predicted that after five years they would have created 54,000 jobs. The actual figure was less than one third of this.
3/ Second, the majority of these jobs were in low skilled occupations. This isn’t necessarily a bad thing in itself. But they did not contribute to changing the make-up of a struggling economy – they brought in (a little) more of the same.
Read 4 tweets
#MoreThingsBobSeelyWontTellYou ‘They also warned that some consumers could pay significantly more than the average due to regional variations and individual factors, such as whether they have a meter and how much water they use.’
Read 37 tweets
Explainer! You’ve asked for more info on #InvestmentZones and the #AttackOnNature. We are worried these zones won’t work for nature, but will they even deliver for growth?

We asked one of our RSPB planning experts, Simon Marsh @RSPBplanner, to take a closer look. Thread … Image
The UK Government’s proposed #InvestmentZones (IZs) bear a striking resemblance to Enterprise Zones (EZs) and Simplified Planning Zones (SPZs). 2/
SPZs have been around for about 50 years, but there are very few of them. It’s a planning, not a tax, designation where the planning process is relaxed to encourage some types of development.

They mostly permit office, R&D and warehouse uses on old industrial sites. 3/
Read 22 tweets
🗣️In this morning’s #MiniBudget, the Chancellor announced the Government’s intentions to establish up to 38 Investment Zones with tax breaks for businesses.

🗨️Read on for an immediate response from Director of Policy and Research @Paul_Swinney.
#InvestmentZones
#GrowthPlan
👇👇
1/ Successful investment zones will need to house high-productivity firms that offer well-paying jobs for skilled workers.
2/ Focusing on cutting regulation and tax cuts in struggling regional economies will make them even cheaper but not necessarily more attractive places to do business.
Read 6 tweets

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