Cushman & Wakefield’s Midlands Hub responds to the Chancellor, Rishi Sunak’s 2021 Budget and what it means for the Midlands region:
Jon Leedham, Managing Partner in Cushman & Wakefield’s Midlands Hub comments: “The Chancellor’s pledge for an ‘investment-led’ recovery will be welcome news to the business community.
“The announcement that one of the eight newly created freeports will be in the Midlands at East Midlands Airport will be a significant boost to inward investment, business growth and job creation. The Midlands region has a rich heritage of innovation and with a freeport, we can use these strengths to secure major employment and investment opportunities.
“Following hot on the heels of last week’s announcement that the Ministry of Housing, Communities and Local Government will be creating a dual headquarters in the city, it’s pleasing to see Wolverhampton being named as one of the beneficiaries of the 45 new town deals.”
“The extension to business rates relief for the Retail, Hospitality and Leisure Sectors is positive news although many sectors have been left unsupported and paying full rates throughout the pandemic.”