Kingmoor Park's bid to become an Enterprise Zone has been successful, Chancellor George Osborne announced in his Spending Review today.
Here is what you need to know about the business park:
It is a former RAF site, will two million square feet of office space available.
It is already home to around 100 businesses supporting 2,000 job.
Another 3,000 jobs could be created when it becomes an Enterprise Zone, from April 2016.
Lillyhall, in Workington, has missed out on a bid to become an Enterprise Zone.
In his Spending Review, Chancellor George Osborne announced that Kingmoor Park in Carlisle will be one of 25 new or extended zones.
But while Kingmoor Park has been successful, Lillyhall business park in Workington has NOT been named one of the Enterprise Zones.
Find out how having a new 'Enterprise Zone' in Carlisle could boost business in Cumbria.Read the full story ›
There will be no cuts to police budget 'at all', George Osborne announced.
Now is not the time for further police cuts.
Now is the time to back our police and give them the tools do the job.
I am today announcing there will be no cuts in the police budget at all.
There will be real terms protection for police funding. The police protect us, and we’re going to protect the police.
Chancellor George Osborne has announced £12 billion of funding for 26 new or extended Enterprise Zones, including Carlisle, Dorset and Ipswich.
The news means there should be additional funding and government support for enterprise schemes in the city.
It is understood the zone will be at Kingmoor Park in the north of Carlisle, and could create thousands of jobs.
The Zone will offer a reduction in business rates or tax relief for companies.
- Northern Ireland’s block grant will be over £11bn by 2019-20 – and funding for capital investment in new infrastructure will rise by over £600m over 5 years.
- Wales' block grant will reach almost £15bn by 2019-20 – and capital spending will rise by over £900m over 5 years.
- Scotland's block grant will be over £30bn in 2019-20 – while capital spending available will rise by £1.9bn
Housing benefit and pension credit payments will be stopped to people who have left the country for more than a month, George Osborne has announced.
In addition, he said, the rate of housing benefit in the social sector will be capped at the relevant local housing allowance – in other words, the same rate paid to those in the private rented sector who receive the same benefit.
This will apply to new tenancies only.
Chancellor George Osborne has announced that planned changes to tax credits will be scrapped.
I’ve had representations that these changes to tax credits should be phased in. I’ve listened to the concerns. I hear and understand them.
And because I’ve been able to announce today an improvement in the public finances, the simplest thing to do is not to phase these changes in, but to avoid them altogether.
Tax credits are being phased out anyway as we introduce universal credit. What that means is that the tax credit taper rate and thresholds remain unchanged.
A summary of the key announcements from Chancellor George Osborne's Autumn Statement and Spending Review.Read the full story ›