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Liz Truss will today set out plans to remove planning restrictions and other regulations to boost housebuilding and other development in new 鈥渋nvestment zones鈥�.

Truss, who is to become Conservative leader, said the new zones are 鈥渁t the heart of my vision for levelling up鈥�.

She said: 鈥淲e will work with local communities to identify sites ripe for transformation across the country through lower taxes, reduced planning restrictions and red tape. These zones would open the floodgates to new waves of investment.鈥�

Truss said the move will create 鈥渘ew hubs for innovation and enterprise鈥� in the spirit of Victorian model villages such as Bournville in Birmingham and Saltaire in Yorkshire.

She added: 鈥淢y investment zones will rejuvenate local areas in the same way the London Docklands was regenerated, with new jobs in the industries of the future.鈥�

She said under her plan Britain will play to its strength 鈥渁s a science and tech superpower鈥�.

The details of her planned push for deregulation are not yet known but reports suggest the zones will have areas focused on commercial, residential or industrial development and a streamlined residential planning process on the periphery.

Height restrictions and other building regulations could also be relaxed, although Truss鈥� team is reportedly insisting no safety restrictions will be watered down.

Truss鈥檚 campaign team has been approached for comment.

The move follows Truss last week promising to ditch central 鈥淪talinist鈥� housing targets, implying she would ditch the Conservative manifesto pledge to increase house building to 300,000 homes year by the mid-2020s.