As is right and proper, announcements about new Government policies were paused during the national period of mourning.
We now look forward to the new Government, headed by Liz Truss who has moved quickly to announce very significant help with energy bills over the next two years for hard-pressed households and a six-month scheme for most business organisations including charities and public bodies.
Then, on Friday during the fiscal event, Chancellor Kwasi Kwarteng announced exciting new policies to accelerate economic growth. This included new Investment Zones in 38 local authority areas, including Central Bedfordshire. We are working hard with government to introduce these as soon as possible.
We want to encourage more opportunities to enable our residents to work closer to home and to have rewarding employment. Investment Zones can help us to achieve this.
A possible location could be an 84-acre site in Cranfield where Marshall’s are considering relocating from Cambridge. They would join an existing cutting-edge research and aerospace innovation community. Enabling this to happen at speed will expand local employment and training opportunities.
We are also looking at several other potential sites across Central Bedfordshire and I look forward to sharing more details about this exciting initiative over the coming months.