Freeports bidding process opens for applications


The bidding process to establish new, innovative Freeports that will boost the economy, create thousands of jobs and turbo-charge post-Brexit trade opened today.

Seizing on the opportunities presented by leaving the EU, ports and their communities across England can now apply for Freeport status in a move that will transform historic sea, air and rail ports into national hubs for trade, innovation and commerce to regenerate communities in our industrial heartlands.

Designed to attract major domestic and international investment, areas given Freeport status will benefit from a wide package of tax reliefs, simplified customs procedures, a streamlined planning processes to boost redevelopment and government support to promote regeneration and innovation.

The Chancellor of the Exchequer, Rishi Sunak, said: "Our new Freeports will create national hubs for trade, innovation and commerce, levelling up communities across the UK, creating new jobs, and turbo-charging our economic recovery.

"As we embrace our new opportunities as an independent trading nation, we want to deliver lasting prosperity to the British people and Freeports will be key to delivering this.

"At the centre of the new Freeports policy is an ambitious new customs model, drawing on international best practice, and building on the UK’s existing customs arrangements. A firm can import goods into a Freeport without paying tariffs, process them into a final good and then either pay a tariff on goods sold into the domestic market, or export the final goods without paying UK tariffs."

Areas given Freeport status will also benefit from a wide package of tax reliefs, including on purchasing land, constructing or renovating buildings, investing in new plant and machinery assets and on Employer National Insurance Contributions.

Streamlined planning processes and government funding will also boost redevelopment and promote regeneration and innovation.

The first Freeports will be open for business in 2021, and sea, air and rail ports from across England are encouraged to apply, working in tandem with their local leaders, businesses and others in their communities.

Secretary of State for Housing, Communities and Local Government, Robert Jenrick said: "Our Freeports will be international centres for trade and investment, powering regeneration, job creation and entrepreneurship. I am delighted that ports, councils and their private sector partners can now apply for Freeport status – with all the special opportunities it will bring to their communities and the country.

"The government is working constructively and collaboratively with the devolved administrations to establish at least one Freeport in each nation of the UK, in addition to those allocated in England." 

Richard Ballantyne, Chief Executive, British Ports Association, said: "The launch of the Freeports bidding process in England today represents a huge step forward in the establishment of fair and inclusive Freeports in the UK. We are pleased that Government recognises and supports ports as drivers of economic development and prosperity. Ports, and the wider maritime industry, are eager to play their part in the solution to national economic recovery and the regeneration of coastal communities."

Tim Morris, Chief Executive Officer, UK Major Ports Group, said: "We welcome the launch of the Freeports Bidding Prospectus. Port operators all across the UK are developing ambitious proposals to respond to the Freeports opportunity. The UK Major Ports Group and the port operators themselves look forward to working closely with the Government to build ever stronger gateways for the UK’s global trade, boost prosperity for coastal and inland communities and maintain high standards."

Photo: Arklow Fortune, Port of Workington.

[/fa-rss/ LATEST NEWS]_$type=three$m=0$l=0$c=6$cm=0$hide=home


404 / ERROR \ 404



[/fa-camera/ CLEATOR MOOR PHOTOS]_$type=three$m=0$l=0$c=6$cm=0$hide=home$source=random

[/fa-history/ CLEATOR MOOR HISTORY]_$type=three$m=0$l=0$c=6$cm=0$hide=home$source=random


Book,1,Cleator Moor History,49,Cleator Moor News,184,Copeland Borough Council,114,Cumbria News,2211,Featured,332,News,3314,Photography,26,Photos For Sale,10,Photos Of Cleator Moor,12,Photos of Cumbria,14,UK News,373,Walking Routes,3,West Cumbria News,592,Your MP,78,
Little Ireland | Cleator Moor | Cumbria: Freeports bidding process opens for applications
Freeports bidding process opens for applications
Little Ireland | Cleator Moor | Cumbria
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All SUGGESTED READING LITTLE IRELAND ARCHIVE SEARCH ALL POSTS Not found any post match with your request HOME Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content