October 15, 2020

Government Outlines New Plans for Freeports to Turbo-Charge Post-Brexit Trade

Before the end of the year the UK will start taking bids from sea, air and rail ports in England to become Freeports by the end of 2021.

Freeports will benefit from:

  • a streamlined planning processes to aid brownfield redevelopment
  • a package of tax reliefs to help drive jobs, growth and innovation
  • simplified customs procedures and duty suspensions on goods