MP vows to back Enterprise Zone bid for Milton Keynes

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The centre of Milton Keynes in all its glory!
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MILTON Keynes could have a great chance of becoming one of the government’s last 10 Enterprise Zones, a local MP believes.

Speaking at a Budget Breakfast in Newport Pagnell this morning (Friday, March 25) Milton Keynes South MP Iain Stewart said he thought businesses should think seriously about putting in a bid.

Chancellor George Osborne announced the creation of 21 new Enterprise Zones in his Budget on Wednesday. Eleven of them have already been allocated to the big cities.

Mr Stewart said: “There are still 10 Enterprise Zones to be announced and they have not been decided. The government will be talking to the new Local Enterprise Partnerships, businesses and local authorities.”

Being an Enterprise Zone would carry significant incentives for business, including lighter touch taxes.

Speaking to an audience of 160 business leaders at the Milton Keynes and North Bucks Chamber event Mr Stewart added: “I think you should think seriously about is it something we want. It would have a strong case.

“The government will be looking to support those areas with most potential to grow. I am happy to work with you to put the case.”

Rita Spada, chief executive of the Chamber, told the meeting at the De Vere Harbon hotel in Newport Pagnell that businesses needed to get together to decide what to do.

She added: “We need to do that sooner rather than later. The fact that things are a little vague gives us an opportunity to put a good case.”