A plan for a West Midlands Investment Zone designed to attract more than £5.5m in private investment and to create over 30,000 new jobs has been given the go ahead.
The plan, which was agreed by the West Midlands Combined Authority (WMCA) Board on Friday, combines a mix of tax incentives, direct funding and business rate retention for the zone.
Laura Shoaf, WMCA chief executive, said: ‘The investment zone is already attracting significant private sector investment and following the deployment of this delivery plan will have the potential to attract billions of pounds more as well as tens of thousands of new jobs.’
