02 July 2020
Prime Minister Boris Johnson has praised the successful contributions made to the UK economy by high-tech businesses in Aylesbury Vale’s Enterprise Zone – including those at Silverstone Park.
During Wednesday’s (1 July) PM’s Questions in the House of Commons, Buckingham MP Greg Smith asked the Prime Minister:
“Enterprise Zone status at Silverstone Park and Westcott in my constituency has been critical in bringing high-tech innovators to Buckinghamshire, across 5G, rocketry, automotive and motorsport.
“Will my Rt Hon friend join me in congratulating these wealth creators, innovators and entrepreneurs – and commit to extending their Enterprise Zone (EZ) status and business rate relief period from 2021 to 2024 to ensure they continue to be an engine of economic growth?”
The Prime Minister replied: “I will certainly look at the proposal he makes and I’m sure my Rt Hon friend the Chancellor will want to study it.
“But I also want to congratulate everybody involved with the Aylesbury Vale Enterprise Zone for the cutting edge technology that exemplifies the very best of this country and shows the way to our future.”
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It is the second time in this year that businesses at Silverstone Park (and in the Silverstone Technology Cluster [STC]) have been promoted in the Commons, after Greg Smith pressed Minister of State for Trade Policy, Greg Hands, to recognise their contribution during UK trade negotiations with the USA.
MEPC’s Roz Bird, Commercial Director at Silverstone Park and also STC Chair, commented: “Greg Smith’s dialogue with the Prime Minister is fantastic to hear.
“Fingers crossed there can be a positive result from this – it will certainly make a difference to the companies considering moving to Silverstone Park.
“The exchange and positive comments from Greg Smith and the Prime Minister will also be a boost to companies at the Park, working hard to keep in business, and continuing to innovate and fulfil their order books.”