8 New Freeports Set to Launch in England in 2021

Eight new freeport sites are to be launched later this year in England.

The sites will be at East Midlands Airport, Liverpool, Felixstowe, Humber, Plymouth, Thames, Teesside, and Solent.

Freeports are international gateways offering a number of benefits to businesses operating on the sites, including “more generous tax reliefs, simplified customs procedures and wider government support, bringing investment, trade and jobs”, according to the Treasury.

The Chancellor confirmed in the March 2021 Budget that the eight sites are scheduled to be able to begin operations later this year, subject to agreeing governance arrangements and successfully completing business cases.

Similar deals are also in discussion with the devolved administrations in Scotland, Wales and Northern Ireland.

8 New Freeports Set to Launch in England in 2021 2
Lawble
Lawble is a leading legal resource aimed at supporting people and businesses alike by providing reliable information, legal resources and links to leading and reputable legal service providers.

More from author

Related posts

Legal Buyers Guide

Choosing a Legal Adviser

Legal advisers are there to help you understand your rights, and to use the law to solve your problem. They should do this in...

Paying for Legal Advice

One of key factors when buying legal advice will be the cost. Legal services can be complex and the final cost can depend on things...

Legal Advice for Individuals

Whatever your situation, it helps to understand the legal issue you're facing and what kind of advice you might need. Spending time understanding what you...

Want to stay up to date with the latest business legal news?

We would love to hear from you! Please fill in your details and we will stay in touch. It's that simple!