Today Arden Cross Ltd welcomes the government’s announcement of new Investment Zones in the Budget to fuel regional and national growth.
This move towards creating tax efficient investment areas up and down the country will help drive growth and ensure destinations like the £3.5 billion Arden Cross site can create the jobs, skills, new homes and new connectivity the UK needs.
It also allows the West Midlands region to build upon its historic strengths as an innovator and a place that brings new ideas and products to market. It also allows the region to fully play its part in bringing the national Levelling Up agenda to life.
Ben Gray, director of Arden Cross Ltd, said: ‘The announcement in today’s budget of the area around the HS2 Interchange Station as a potential Investment Zone is game changing for the delivery of Arden Cross. The creation of a new Investment Zone will support the delivery of the Arden Cross development and release the economic potential of the site, to include the creation of 27,000 jobs, 3,000 new homes and up to 6 million sq ft of commercial space.
‘This announcement will assist in realising our vision for an internationally connected destination providing a world class environment for working, living and learning. This tremendous news also takes place in context of Arden Cross Ltd preparing to announce the appointment of a world class development partner who will continue to drive investment and development.’