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Wednesday, September 6, 2023

MP asks for creation of Investment Zone covering this area

* Simon Baynes MP with Wrexham MP Sarah Atherton during Treasury Questions in the Commons.

Clwyd South MP Simon Baynes has asked Chancellor Jeremy Hunt to consider establishing an Investment Zone covering his Clwyd South constituency, Wrexham and the wider north east Wales region. 

Investment Zones were announced by the UK Government last year. 

They will grant a small number of geographic areas with tax and regulatory rules designed to promote economic growth. 

A total of 12 locations across the UK will receive this designation, with each zone receiving approximately £80 million in UK Government funding over five years.


Speaking at Treasury Questions Mr Baynes asked: "Would the Chancellor agree with me that my constituency of Clwyd South, that of my Honourable Friend, the Member for Wrexham, and the rest of north east Wales represent one of the best candidates for a new Investment Zone? And would he also consider making this cross-border, given our very close economic, commercial, and cultural ties with the north west of England?”


The Chancellor replied: “I know that there are some great businesses in his constituency and I much enjoyed meeting Robin and Helen Jones from the Jones Village Bakery at a recent reception in Number 10, and I know they’re going from strength to strength. I holidayed in Clwyd last year, and from the top of Moel Famau I saw a very impressive offshore wind farm and I completely agree with him there is enormous potential in Clwyd for clean energy and as discussions continue about Investment Zones I wish him, as well, every success.”


Speaking after his question Mr Baynes said: “I welcome the Chancellor’s response to my question. Investment Zones represent a unique opportunity and demonstrate the desire of the UK Government to deliver on its promise to Levelling Up. Going forward, I look forward to continuing to work with Sarah Atherton, MP for Wrexham, and other parliamentary colleagues to maximise the chances of an Investment Zone being established in our area.”

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