23 November 2016

Jonathan Sharrock, Chief Executive, of Coast to Capital has reacted to Philip Hammond's first economic statement post BREXIT.

"The Chancellor's statement contains some interesting measures which should help to boost our region.

 

I'm encouraged that the chancellor has announced that £2.3bn will be made available for a new Housing Infrastructure Fund to help unlock land to provide 100,000 new homes in high-demand areas. Delivering more housing and business space is one of our key strategic priorities.

 

We need to hear the details of where the £1.1bn extra infrastructure investment will be spent: the priority for our region is investment in the Brighton Mainline which is key to linking our major employment centres.

 

I am pleased to hear that small rural businesses which make up 20% of our economy are being given tax breaks worth up to £2,900 per year. Government investment in better broadband coverage and 5G is also good news for a region with so many strong digital businesses.

 

We will hear more soon about the proposed industrial strategy, and also how much money will be invested in our region through the Local Growth Fund. We believe that investment in this region is a sure bet in driving national economic output and productivity, and we have put forward some excellent schemes to Government which will help to deliver that."

Visit our growth hub

Business Navigator Growth Hub
Phone

Get in touch
01293 305965

Follow us

TwitterLinkedIn

Our e-newsletter

SUBSCRIBE