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Freeports
10 February 2020
Type
Written Ministerial Statement
Department
Treasury
At a Glance
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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Assessment & feedback
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