COUNCIL leader Cllr Philip Jackson has sounded an upbeat note on Whitehall proposals for a new 'investment zone' to be created in North East Lincolnshire.
Says he: "We are looking forward to having productive discussions in the coming weeks and months as we seek to boost business growth."
Our area is one of 38 areas identifed by the Government for IZ staus.
These will apply to specific sites have more liberal planning rules to release land and accelerate development.
The proposals could also see a cut in taxes for businesses on these sites for the first ten years and other benefits including:
* 100 per cent relief on qualifying investments in plant and machinery used on the sites
* No stamp duty on purchases of land and buildings for commercial or new residential developments
* No business rates on newly occupied business premises
* For every new employee, the business will pay no national insurance on the first £50,000 they earn.
The Secretary of State for the Department for Levelling Up, Housing and Communities will shortly set out the selection criteria to become an investment zone, and the process for designating sites within it.
The proposals have sparked concerns - for instance, that far from creating new employment, it will just be shifted as businesses seek to relocate.
Alarm bells have also been sounded about relaxation on planning restrictions - especially from conservation organisations such as the RSPB and the wildlife trusts who fear precious natural habitats will be lost to new roads, housing estates and other development.
The Government says it "will set out further detail on the liberalised planning offer for investment zones in due course".
The full list of 38 authorities earmarked for IZ status is as follows:
* Blackpool Council
* Bedford Borough Council
* Central Bedfordshire Council
* Cheshire West and Chester Council
* Cornwall Council
* Cumbria County Council
* Derbyshire County Council
* Dorset Council
* East Riding of Yorkshire Council
* Essex County Council
* Greater London Authority
* Gloucestershire County Council
* Greater Manchester Combined Authority
* Hull City Council
* Kent County Council
* Lancashire County Council
* Leicestershire County Council
* Liverpool City Region
* North East Lincolnshire Council
* North Lincolnshire Council
* Norfolk County Council
* North of Tyne Combined Authority
* North Yorkshire County Council
* Nottinghamshire County Council
* Plymouth City Council
* Somerset County Council
* Southampton City Council
* Southend-on-Sea City Council
* Staffordshire County Council
* Stoke-on-Trent City Council
* Suffolk County Council
* Sunderland City Council
* South Yorkshire Combined Authority
* Tees Valley Combined Authority
* Warwickshire County Council
* West of England Combined Authority
* West Midlands Combined Authority
* West Yorkshire Combined Authority
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