Chancellor George Osborne to unveil enterprise zone plan for Northamptonshire during major speech today

Plans to establish a new enterprise zone in Northamptonshire will be among a host of pledges made by Chancellor George Osborne at an event in the East Midlands today.

The Conservative secretary of state is set to outline a ‘timetable’ for a ‘stronger’ East Midlands, at an event at around 3pm today, spelling out what a Conservative government could do for the region in the first 100 days of a new Parliament, if the party is elected.

Chancellor George Osborne having a tour of Weetabix in Corby in 2014.

Chancellor George Osborne having a tour of Weetabix in Corby in 2014.

Among the legislation to be outlined today, the Chancellor will announce plans to freeze rail fares for five years and to plough ahead with the construction of high speed rail line HS2.

He is also due to say that Corby would become one of a number of new enterprise zones, which he says would allow the town to attract more central government funding for developments and would see businesses within the established zone faced with lower business rates.

Also among the measures the Chancellor will announce today are commitments to launch a spending review, which he said will commit to investing £5.2 billion in better transport across the Midlands.

As part of the review, he said the Conservatives would upgrade the M1 through the region, he said, and fix junctions on key roads in the East Midlands, including on the A38 at Derby, A52 at Nottingham, and A46 at Coventry,

It would also electrify the Midland Main Line from Bedford to Sheffield and open negotiations with councils across the region, including in Northamptonshire, about creating a “new wave of City Deals”.

On a national scale he will announce a new law to prevent people working more than 30 hours on the Minimum Wage paying income tax.