Mini Budget 2022: tax breaks for investment zones planned

The Chancellor has targeted 2.5% growth and to support this has announced the creation of investment zones, offering substantial tax breaks for businesses

The government will work with the devolved administrations and local partners to introduce investment zones across the UK. These areas are designed to drive growth and encourage investment in housing.

Areas with investment zones will benefit from tax incentives, planning liberalisation, and wider support for the local economy.

Specified sites in England will benefit from a range of time-limited tax incentives over 10 years.

The tax incentives under consideration are:

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