The thorny issue of business rates were kicked into the long grass yet again by the Chancellor, according to Adam Burke, director of rating at Colliers International.
Three million apprenticeships will be funded by 2020 through the levy on all businesses with more than £3m payroll costs, prompting mixed responses from industry.
Chancellor of the Exchequer George Osborne outlined a five point plan to deliver £20bn of investment into housing as part of today’s Spending Review and Autumn Statement, alongside a raft of changes to speed up the planning system.
Grants of £300,000 to restore First World War hangars in Ellesmere Port, £9m a year to cover running costs at the new £110m Factory theatre in Manchester and a new South Asia gallery in conjunction with the British Museum, also in Manchester, were among the culture media and sports announcements in this year’s Autumn Statement.
A handful of new Enterprise Zones were announced by the chancellor in the Autumn Statement to lever investment into the region, at Kingmoor Park in Carlisle, a new Cheshire Science Corridor linking several assets, Hillhouse Chemicals & Energy at Thornton-Cleveleys in Lancashire, and Greater Manchester Life Science.