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Yorkshire Budget 2021
Top Story

Humber Freeport and £12bn infrastructure bank announced 

The Humber has been named as one of eight UK Freeports announced in Rishi Sunak's 2021 Budget while a new £12bn UK infrastructure bank is set to be created in Leeds to finance the green industrial revolution.
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Budget 2021

Offshore wind investment for Teesside and the Humber

The government is set to invest in sites on Humberside and Teesside in an effort to boost the offshore wind sector.
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Small firms set for boost with £520m Help to Grow scheme

The government has launched a £520m Help to Grow scheme, providing a boost to small businesses as the country attempts to recover from the impact of Covid-19.
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£5bn scheme revealed for high street shops and hospitality firms

Chancellor Rishi Sunak has revealed a new £5bn scheme for high street shops and hospitality firms in England.
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England traineeships set for £126m injection

Plans to inject £126m into boosting traineeships across England have been revealed.
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Mortgage guarantee scheme to support buyers

A mortgage guarantee scheme that will enable buyers to purchase homes with a 5 per cent deposit has been revealed.
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£1.65bn investment for vaccine rollout

A £1.65bn investment in the ongoing vaccine rollout has been promised.
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Furlough extension confirmed

The furlough scheme has been extended until the end of September 2021.
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Corporation tax on profitable firms to rise from 2023

Corporation tax is to rise from 2023 which the government said was to help recover £100bn spending.   The increase relates to profits.
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Government extends rates discount

The government is to keep business rates reduced due to the ongoing Covid-19 pandemic.
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Economy ‘to return to pre-Covid levels earlier than forecast’

The UK economy is set to return to pre-Covid levels by mid-2022, according to the Office for Budget Responsibility, six months earlier than initial forecasts.
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