George Osborne has confirmed that Carlisle will receive an 'Enterprise Zone' that is predicted to bring with it thousands of new jobs.
The announcement was confirmed in the Chancellor's Spending Review today.
An earlier bid to establish an enterprise zone in Cumbria in 2011 was rejected by ministers.
Carlisle’s Kingmoor Park submitted a formal bid to establish an enterprise zone in September.
Enterprise zones enjoy simplified planning rules, funding for superfast broadband, a business rate discount and a guarantee that new business rate income in the zone is retained in the local area.
Carlisle City Council believes these incentives could create 2,500 jobs.
Great news for Carlisle - Enterprise Zone confirmed.
— John Stevenson MP (@JohnStevensonMP) November 25, 2015
#Carlisle confirmed as an Enterprise Zone! #NorthernPowerhouse @kingmoorpark
— Armstrong Watson (@ArmstrongWatson) November 25, 2015
Big cheer team @ArmstrongWatson on news Carlisle gets an Enterprise Zone :)
— Helen Thornley (@AW_HelenT) November 25, 2015
carlisle gets an enterprize zone, well done @kingmoorpark great news for the city #AutumnStatement
— Nigel Holmes (@AW_NigelHolmes) November 25, 2015
George Osborne's announcement of an enterprise zone for #Carlisle could be catalyst for more than 2,000 new jobs.... @newsandstar
— Chris Story (@ChrisStoryCN) November 25, 2015
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