Wednesday, October 07, 2020

Freeports

The Chancellor has today outlined new plans for freeports that will turbo charge post-Brexit trade, drive investment and create jobs at the end of the transition period with the EU.

  • Our new Freeports will create national hubs for trade, innovation and commerce, regenerating communities across the UK and supporting jobs.
     
  • Sea, air and rail ports in England will be invited to bid to become freeports before the end of this year, with the hope of opening the first of the new sites in 2021. The places selected will benefit from streamlined planning processes, a package of tax reliefs and simplified customs procedures.
     
  • Freeports will attract investment from around the world as we embrace new opportunities following our departure from the EU and will be a key driver for economic recovery as we build back better post coronavirus.

No comments: