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UK government launches freeports consultation

February 11, 2020
in News, Top News
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UK to establish 10 Freeports after Brexit

The Port of Tyne has expressed interest in the bidding process

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The UK government has begun a consultation to inform its freeports policy, aiming to create up to 10 freeports, which will have different customs rules than the rest of the country, in an aim to boost economic activity post-Brexit.

The policy is meant to be geared towards establishing freeports as national hubs for global trade and investment across the UK, promoting regeneration and job creation and creating centres for innovation.

The consultation closes on April 20 and the aim is to announce the location of the new zones at the end of this year so they can be open for business in 2021.

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