The government has set out further details on 7 October 2020 around how it will create a number of new innovative Freeports across the UK to create jobs, drive investment and regenerate communities.
- next steps set out today for the creation of Freeports, driving investment and creating jobs after the end of the transition period
- Freeport bidding process in England to open before the end of the year
- the first Freeports on track to be open by the end of 2021
Responding to the consultation on the proposals 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
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