Commons Sense

House of Commons · Written Ministerial Statement

Freeports

10 February 2020 · Treasury

Proposed by Rishi Sunak Con Richmond and Northallerton

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • Government has launched a consultation on Freeports policy to drive investment and job creation across the UK.
  • HM Treasury invites stakeholders to provide feedback through the 'Freeports Consultation: Boosting Trade, Jobs and Investment Across the UK' until April 20th.
  • Proposals aim to improve customs regulations, introduce tax incentives, and streamline planning processes for Freeport development.

Issue summary

The Government has launched a consultation on Freeports policy to drive investment, trade, and job creation across the UK.

Action requested

HM Treasury invites stakeholders to provide feedback through the 'Freeports Consultation: Boosting Trade, Jobs and Investment Across the UK' which is available until April 20th. The proposals aim to improve customs regulations, introduce tax incentives for businesses, and streamline planning processes to support Freeport development.

Key facts

  • Up to 10 Freeports will be created around the UK.
  • HMRC will control the authorisation of customs sites within Freeports.
  • Consultation documents can be accessed at https://www.gov.uk/government/consultations/freeports-consultation.
  • The consultation period ends on April 20th.
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