Further north, in Teesside, construction is underway at SeAH Wind Ltd’s multi-million pound offshore wind manufacturing facility at Teesworks highlighting the role Freeports will play in attracting green investment.Īnd when it comes to innovation, Freeports are already leading the way. This report shows how the UK government and devolved governments have come together with local partnerships to set up the UK Freeports programme with the shared aim of increasing investment into the UK to ensure we can continue to grow into a more dynamic economy.įreeport status has brought in millions of private investments in areas such as the Humber, where the first rare earth processing hub at Saltend has been established. It is a testament to the strong local partnerships across both private and public sectors, who are striving to make the programme a success for local communities, that we have reached this stage so soon. But Freeports give them the tools they need to transform their local economies, getting them ready for the future and creating opportunities for generations to come. The communities they serve have been overlooked too often in the past. The competition has just closed for a Freeport in Wales, and we expect to announce the winner of that, as well as two Green Freeports in Scotland, in the coming months.Īt their heart, Freeports are all about levelling up. We have recently announced the first group of English Freeports to receive final government approval, and all eight English Freeports are already open for business with generous tax reliefs on offer to investors. I am thrilled to be publishing the first annual report on UK Freeports at such an exciting time for the programme.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |