Britain’s Energy Coast Business Cluster welcomes the Chancellor's Growth Plan Statement

BECBC welcomes the Chancellor's Growth Plan Statement specifically around the announcement of investment zones. Cumbria is on the initial list of beneficiaries and the Business Cluster urges early adoption of the scheme which signals that those businesses locating will benefit from 100% business rate relief on newly occupied and expanded premises.

BECBC welcomes the Chancellor's Growth Plan Statement specifically around the announcement of investment zones. Cumbria is on the initial list of beneficiaries and the Business Cluster urges early adoption of the scheme which signals that those businesses locating will benefit from 100% business rate relief on newly occupied and expanded premises.

To incentivise investment there will be a 100% first year enhanced capital allowance relief for plant and machinery in the designated sites.

Although further specific details will be announced in due course Dianne Richardson on behalf of the Business Cluster members welcomes this section of the Growth Plan. " We urge our Local Government colleagues to engage immediately with those charged with delivery of the Investment Zones. That our area has been recognised as a recipient, is testimony that this is an area where new and existing business can grow and prosper. As a body we support this move that will encourage investors and bring the consequential social benefits to our community".