Chancellor visits Bournemouth company to discuss growth

Yahoo

6 days ago

The Chancellor visited JP Morgan in Bournemouth.
Chancellor of the Exchequer Rachel Reeves toured the financial services hub, meeting leaders and apprentices.
She said: "Bournemouth is a hub for financial services and I'm determined to showcase its talents to financial services companies looking to grow and invest in the UK.
"Like so many of our regions, this town is a potential engine of growth but has been neglected by successive governments and families and businesses have suffered as a result.
"Under our plans, we'll unlock growth across Dorset and the wider region so we can create jobs and put more money in people's pockets and deliver on our plan for change."
The Chancellor's visit aimed to highlight the importance of sectors beyond London, with Bournemouth identified as a key financial services cluster.
The Office for Investment: Financial Services will promote these clusters to encourage growth and investment across the UK, creating jobs in the process.
The financial services sector supports 1.2m jobs nationwide, around nine per cent of the UK's total economic output, with many of these jobs located in the 11 clusters identified in the strategy.
Ms Reeves' visit was part of a wider tour of the South West, where she also announced a £28.6m National Wealth Fund investment in South Crofty Tin mine in Cornwall.
The project could create 1,300 jobs for the region.
As well as the project itself creating more than 300 jobs, it is estimated that a further 1,000 jobs will be created more widely as the company uses more suppliers like metal fabricators and electricians and the mine itself will fuel supply chains in in the UK.
Ms Reeves also discussed government proposals to cut licensing red tape with staff at Harbour Lights fish and chip shop in Falmouth.
The proposed changes, including more alfresco dining and extended opening hours, aim to boost the hospitality industry in Cornwall and beyond.
The proposals will be put out for consultation later in the year.
She also visited APCL A&P Falmouth, a ship repair facility and Kensa, a manufacturer of ground source heat pumps, to discuss plans to expand operations and boost the country's clean energy supply.