First Freeports launched

DLUHC (Department for Levelling Up, Housing and Communities) has this week (7 December 2022) announced that the UK's first Freeports in Plymouth, Solent, and Teesside have received final government approval.

The Freeports will now receive up to £25 million each to drive local plans and will benefit from a package of measures, comprising tax reliefs, customs advantages, business rates retention, planning, regeneration, innovation and trade and investment support.

DLUHC expects the remaining five English Freeports to join Plymouth, Solent, and Teesside in receiving final approvals shortly.

Announcement: www.gov.uk/government/news/first-freeports-launched-in-major-economic-boost