The Government has guaranteed investment for the Midland Metro Extension
As part of today’s Budget, The Chancellor, George Osborne said the £75.4 million scheme to extend Midland Metro tram line through Birmingham City Centre would go ahead.
Mr Osborne said the West Midlands would also benefit from two of the mooted Enterprise Zones which are being introduced across the country.
The West Midlands Enterprise Zones will be led by the Black Country and Birmingham & Solihull Local Enterprise Partnerships.
The government also pledged the creation of the High Value Manufacturing Technology and Innovation Centre, a network of existing high performing centres, including the Manufacturing Technology Centre in Coventry and WMG at the University of Warwick, enabling businesses access to state-of-the-art equipment and technical skills.
Chief Secretary to the Treasury, Danny Alexander, said:
“Today’s Budget sets out measures that will support strong and sustainable private sector growth, reform the economy and tax system and help people in the West Midlands to make ends meet in these difficult times. It takes affordable action to reduce fuel prices while raising the threshold at which people start paying tax, taking a further 260,000 people out of income tax altogether and reducing the tax paid by 25 million people by an average of £48.”