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18
Nov 2022
Uncertainty over Harrogate district investment zones after government 'refocuses' scheme
There is uncertainty over the future of planned investment zones in the Harrogate district after the government announced it will “change its approach” on the policy.
Three sites were earmarked in the district for the zones, which were a key policy under former Prime Minister Liz Truss’s administration.
The sites include junction 47 of the A1 near Knaresborough, business park Potter Space Ripon at junction 50 of the A1, and Harrogate Convention Centre.
The government said previously that the zones, which would have received liberalised planning laws and tax incentives for businesses, would support economic growth.
However, Chancellor Jeremy Hunt yesterday announced in his autumn statement that the scheme would be focused towards research.
He said:
According to Treasury documents, the government intends to "refocus the investment zones programme" and use it to "catalyse a limited number of the highest potential knowledge-intensive growth clusters".
The document added that, as a result, the expressions of interests submitted by councils "will therefore not be taken forward".
The news comes after Cllr Carl Les, leader of North Yorkshire County Council, admitted on Wednesday that he did not expect the zones to progress.
Read more:
- Harrogate district planning rules could be ‘radically streamlined’
- Harrogate Convention Centre ‘could lose £250 million without investment’
- Revealed: the three Harrogate district sites that could become investment zones
The county council was named as one of 38 local authorities in talks with the government over creating investment zones back in September.
The authority then earmarked 12 commercial sites as part of an expression of interest for the scheme.
However, Cllr Les told councillors at a meeting on Wednesday that he did not expect the initiative to go any further.
He said:
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