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UK Freeports are special areas within the UK’s borders where different economic regulations apply. They bring together industry, government and educational institutions, enabling you to collaborate with like-minded companies within a supportive environment for developing and trialling new ideas and technologies.
Freeports offer:
- Stamp Duty Land Tax relief
- enhanced capital allowances for investment in plant and machinery and structures and buildings
- business rates relief
- employer National Insurance contributions relief
- deferrals and exemptions from import duties
- supportive local planning environments with constructive public-private partnerships
- public investment in skills and infrastructure
- wide-ranging support from national and local government
Freeports encourage businesses from around the world to join new hubs of global trade that create job opportunities and boost the economic prospects of local communities.
The UK Government are working to establish Freeports across the UK. Freeports announced to date:
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