Upper-tier local authorities can now lodge an expression of interest in hosting Liz Truss’ investment zones, which are aimed at boosting development through reduced regulation and simplified planning.

The Department of Levelling Up, Housing & Communities yesterday opened the bidding process for the zones, announced in last month’s mini-budget. Mayoral combined authorities, upper-tier councils and freeports have less than a fortnight – until 14 October – to express an interest for their sites.

The zones will operate under a simplified planning process, reduced taxation and lower regulations and are intended to stimulate or speed up development of residential and commercial sites.