Opportunity for new customs sites within the East Midlands Freeport
The East Midlands Freeport is looking to engage with businesses interested in potentially operating a customs site within the Freeport boundary where businesses can obtain customs benefits through the Freeport Customs Special Procedure.
Next phase in Freeport development promises more benefits for the East Midlands
Plans to create an innovative, inland freeport in the East Midlands have taken a big leap forward with the submission of a key document. The ‘Full Business Case’ (FBC), sent to the Government today (Thursday), keeps the East Midlands Freeport on track to become fully operational later this year and builds upon the Outline Business Case approved in February. Government approval will unlock the complete range of benefits offered by the Freeport, adding to the special incentives already available to eligible businesses investing in the Freeport’s Tax Sites.
East Midlands Freeport secures go-ahead to deliver new incentives for business growth
The East Midlands Freeport has today (Tuesday) secured formal Government approval for its plans to offer businesses locating in the Freeport special incentives. The UK’s only inland freeport is set to deliver over 61,000 jobs for the East Midlands and an extra £8.9bn for the local economy over the next 30 years. The greenlight means that from 22nd March 2022, eligible companies investing in designated areas within the Freeport’s boundary will be able to access a range of benefits offered through the Government’s Freeport policy.