Last reviewed 23 November 2021
The Department for Levelling Up, Housing and Communities (DLUHC) has welcomed operations beginning at Teesside Freeport, claiming that it puts the region at the forefront of green energy, manufacturing and innovation.
Covering 4500 acres, it is estimated that the freeport will create more than 18,000 new highly skilled jobs and generate £3.2 billion for the local community over five years. It will have access to a share of £200 million of government funding to support the region’s levelling up ambitions and become the UK’s clean energy powerhouse.
Teesside is seen as being ideally placed to serve the offshore wind sector and, with its excellent transport links, will be a gateway to global markets via air, sea, rail and road.
The next two freeports to become operational will be Thames and Humber. Both have had tax sites designated and are now working to become operational in the near future.
Minister for Levelling Up, Neil O’Brien, said: “Freeports will help to generate prosperity and spread opportunity by driving trade and innovation as we level up in every corner of the United Kingdom. We’re seeing evidence of this in Teesside already with GE Renewable Energy’s multimillion pound investment as they bring their new blade manufacturing plant to the site.”
Freeports are special areas within the UK’s borders where different economic regulations apply. Freeports in England are centred around one or more air, rail, or seaport, but can extend up to 45 kilometres beyond the port — see www.gov.uk/guidance/freeports for full details.