Solent Freeport will use its slice of a £25 million UK government funding cake to support six projects in the southern English region.
Solent Freeport, which has sites all around Southampton and Portsmouth, says it will spend its £6.7 million (€8 million) on a range of projects to ‘address infrastructure gaps in freeport locations and create the right physical conditions to encourage private sector investment’.
The projects include:
-Building a Freeports Customs Zone at Portsmouth International Port
-Designing a 112-acre Navigator Quarter next to Southampton Airport for research, manufacturing and industrial facilities
-Demolition, earthworks and road improvements at Marchwood Port
-Plans to increase the number of containers transported by rail with a new HGV facility at Redbridge
-Road improvements around Totton and Dibden
-Commercial developments at an industrial and manufacturing business park at Havant.
Solent Freeport is one of eight freeports in England, which also include Teeside, Humber, Liverpool City Region, Freeport East (in East Anglia), Thames, Plymouth & South Devon and East Midlands (an airport).
Re-created by the UK government in 2021 after having been phased out in 2012, freeports are given special conditions that remove some of the tax burdens associated with imports and trade.
Two freeports have also been added in Wales – the Anglesey and Celtic freeports.
Keep up to date with the latest industry news on Maritime Journal;
https://lnkd.in/e_FYs7RN
Regional Director for England & Wales at AT-PAC Ltd, a leading worldwide provider of Ringlock System Scaffold solutions. Ex-Rugby League Professional
3moSee you there Westport Equipment