Addressing a group of local success stories, will say that many businesses
could benefit from new plans being worked on to help encourage
business expansion.
Sir George Iacobesu, who helped develop Canary Wharf, is working
with the government to progress and develop proposals for up to
ten new development corporations or similar delivery bodies
around the UK.
These are areas which could be regenerated on a large scale,
boosting the local economy by offering space for housing and
offices, and also bring a network of businesses together.
Successful bids could receive government funding, and thinks Manchester could be an
ideal spot for a zone and hopes that the area will be amongst
those submitting ideas.
Chief Secretary to the Treasury, said:
Manchester is one of the most spirited, industrious and
ambitious cities in Britain and the businesses here are
determined to work their way right to the top.
The Mancunians I met today want to get on with growing their
businesses.
And that’s why I want the best and brightest businesses to come
to the government with ideas for how they would make best use
of a development corporation.
These hubs could help attract quality jobs, give growing
businesses the space to expand, and increase business
confidence in the north even more.
The recent Budget made a number of announcements to support the
the north west, helping to drive growth and prosperity for people
living and working in the region.
Passengers, commuters and motorists across the north west will
benefit from a £770 million increase to the Transforming Cities
Fund – bringing the total fund to £2.5 billion to 2023. The fund
helps create new and better transport links from city centres to
the suburbs.
And £53 million was awarded to the north west to help address the
blight of potholes.
Recent stats show that the north west’s economy is performing
well.
There are 281,000 more people in employment in the north west
than in 2010 and 93,400 more businesses.
The employment rate in the north west is at a record high and
exports from the north west around the world have increased over
the last three years, and were worth £28.7 billion last year.
