Select committee: Business, Innovation, Science and Trade Committee
Conclusion 5
Fourth Report - Performance of investment zones and freeports in England
Published 26 Apr 2024
Paragraph 34
Addressed to Department for Business and Trade
Business, Innovation, Science and Trade Committee The performance of investment zones and freeports in England All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
Freeports and investment zones are examples of active, place-based industrial policy by Government, which account for approximately 0.2% of spending on economic affairs. They may attract additional investment and jobs to the areas in which they are located. The critical factors determining success will be long-term political commitment, delivery co-ordination between central and local government and the extent to which workers and firms are prepared to relocate to areas where clusters are developing.
From: Business, Innovation, Science and Trade Committee, Fourth Report - Performance of investment zones and freeports in England (HC 272), paragraph 34, 26 April 2024
Government response
No government response linked yet: deadline 26 June 2024, 858 days ago.