Solent Freeport Officially Announced

In December, the Solent Freeport was announced as one of the first UK Freeports to be fully approved by government.
The announcement followed government designation of the tax sites. These offer occupiers business rates relief and other incentives to support capital investment, skills and employment. Business rates growth generated at the tax sites can be retained locally and reinvested in the area.
Investment is already underway at the Port of Southampton to enhance operational efficiency and capacity, including new warehouse and distribution units; additional container storage areas; new HGV driver welfare facilities; improved marine access and enhanced rail provision.
The Solent’s bid was one of eight Freeport sites in England shortlisted by Government in the Spring 2021 budget. It covers Southampton and Portsmouth, as well as areas of the New Forest, Isle of Wight and southern Hampshire.

Posted 08/12/2022 14:56