department-for-levelling-up-british-ports-association-maritime-uk

First Freeports get final green light

The UK’s first Freeports in Plymouth, Solent, and Teesside are now fully up and running after receiving final government approval, said the Department for Levelling up on 7 December. Each of will now receive up to £25 million seed funding and potentially tens of millions of pounds in locally retained business rates to upgrade local infrastructure and stimulate regeneration, it said. Businesses in Freeports can take advantage of tax incentives to unlock ... [+]