Worcestershire LEP praises Budget incentives for business

Peter Pawsey, executive chairman of Worcestershire Local Enterprise Partnership, praised the incentives for business in the Budget, and he highlighted how it would help boost economic growth in the County.

Welcoming the Government’s extra £3 billion a year in infrastructure spending, he confirmed: “There are identified key projects which will unlock growth and jobs. These will be unveiled shortly and we are confident that we can present a good case for them to attract financial support.”

Mr Pawsey said Budget tax changes, particularly the reduction in corporation tax, would further strengthen the County’s inward investment offer.  “It will certainly help us attract inward investors as the UK is now a very attractive place to locate a business.”
And he praised the Chancellor’s decision to scrap the earmarked fuel duty rise, saying “Worcestershire is a very rural County and this makes a significant difference to our local businesses.”

Meanwhile it was “excellent” that the Heseltine Report had been accepted almost in its entirety.

Mr Pawsey noted: “Worcestershire LEP can now move forward with its growth plan – business engagement is the key to its success.”