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Treasury opens bidding process for first seven post-Brexit Freeports

From today, the Treasury will start accepting bids from cities and towns across England for the first seven Freeports, which are to be created in 2021. Ultimately, the government aims to establish 10 Freeports across the UK, the Treasury confirmed this morning.

Treasury opens bidding process for first seven post-Brexit Freeports
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Areas given Freeport status will be given a range of tax reliefs, including on purchasing land, constructing or renovating buildings, investing in new plant and machinery assets and on employer national insurance contributions.

Read more at City AM

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