The government has recently set out further details around how it will create a number of new innovative Freeports across the UK to create jobs, drive investment and regenerate communities.
The government confirmed that sea, air and rail ports in England will be invited to bid for Freeport status before the end of the year, with the government aiming for the first of the new sites to be open for business in 2021.
It also confirmed the Freeports will benefit from:
- streamlined planning processes to aid brownfield redevelopment
- a package of tax reliefs to help drive jobs, growth and innovation
- simplified customs procedures and duty suspensions on goods
For further information look at the Freeport consultation