Investment Zone Solicitors

As a part of the “Fiscal Event”, officially titled The Growth Plan, announced by the Chancellor of the Exchequer on 23 September 2022 the government committed itself to Investment Zones.

The HM Treasury briefing paper in a section entitled “Growth” described the creation of Investment Zones as being something the government would create with “devolved administrations and local partners … across the UK” with the aim that the zones would “rive growth and unlock housing”.

Inside an Investment Zone the government is suggesting that there will be one or more of:

• Lower business taxation;
• Streamlined planning rules to deliver growth and housing;
• Increased growth oriented funding;

In England the kinds of tax incentives being suggested are:

• Full business rates relief;
• Increased tax allowances on capital expenditure;
• Tax allowances for structures and buildings to be available earlier;
• Reliefs on employer national insurance contributions;
• Full stamp duty relief on land purchased for housing development or for land or buildings purchased for commercial use or development.

There are areas across the country proposed for potential Investment Zones.

JMW has substantial expertise in all the areas needed to make development and business in an Investment Zone a success. This webpage will be updated with articles about Investment Zones as more information becomes available.​​​​​​