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18
Nov 2022
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.
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