The government has selected eight new freeports in England as a means to boost trade, jobs and investment across the country. The special taxation and customs rules for the freeports will help businesses develop new facilities and operations to trade and manufacture goods more cost-effectively, countering the effects of other complications such as Brexit and COVID-19.
Early deliverability of opportunities for new businesses is key; Solent Gateway Ltd, part of Solent Freeport, will be leading the way as both a tax and customs site.
This is much-wanted news for the region as it provides opportunities for job creation through encouraging businesses to develop and grow.
We expect Solent Freeport to be in operation by Spring 2022. Whilst we work through the details, please keep in touch by registering your interest in the Solent Freeport here, the nation’s global gateway.
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