Freeports UK

The creation of freeports in the UK is a major plank of government strategy to expand international trade, boost the economy’s broader development and redress regional imbalances, not least between London and the rest of the UK.

During his Budget speech in early March, the chancellor Rishi Sunak unveiled the locations of eight new “special economic zones with different rules to make it easier and cheaper to do business”.

Now more than ever, traders should familiarise themselves with freeports and what they can offer.

The government unveils the first eight freeport locations (published 03.03.2021)
Click here for the March 2021 Budget highlights including the eight freeport zones revealed

Chancellor to introduce up to ten freeports within a year after transition period’s end (pub: 13.07.2020)
Click here for news of the government’s timetable for setting up freeports

International Trade Secretary Liz Truss unveils panel to advise on establishing UK freeports (pub 08.08.2019)
Click here for the first announcement of UK government intentions on freeports

“Our new freeports can spur UK economic prospects – and redefine what we mean by freeport” – IOE&IT director general Marco Forgione’s views on how the UK can adapt the established freeport model

Knowledge: Report
(published Winter 20/21)
‘Freeports – a discussion paper’ This study commissioned by the IOE&IT explores historical evidence of how freeport models have fared around the world, the UK’s own history of freezones and freeports and the case for extending the concept into more widely conceived ‘Enterprise Zones’ or ‘Special Economic Zones’.
Download here

Knowledge: Webinar
The key features of successful freeports In this slide pack for a presentation delivered by IOE&IT at the Freeport East: A Global Freeport for a Global Britain webinar on 12 March 2021, you will learn about the six ingredients present in successful freeports and the steps involved for traders to benefit from them.
Download here