The Chancellor of the Exchequer has given his personal backing to an initiative that places Birmingham at the forefront of a Government drive to reignite struggling regional economies.
George Osborne made it clear that he would do everything possible to support the new city centre enterprise zone – a unique investment vehicle that, it is claimed, will deliver 40,000 jobs through regenerating 26 key sites including Paradise Circus and the Children’s Hospital.
Mr Osborne heaped fulsome praise on the city council and the Greater Birmingham and Solihull Local Enterprise Partnership, the two bodies responsible for overseeing and running the zone.
Birmingham had “got its act together” in a way that other cities had not, the Chancellor said.
The enterprise zone is the latest example in a long list of efforts over many years to