Freeports

(asked on 24th January 2023) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, if the Government will commit to support freeports for the life of the development, rather than for a specific time period, including at Parkside.


Answered by
Dehenna Davison Portrait
Dehenna Davison
This question was answered on 1st February 2023

Details of the Government’s free ports programme are published on gov.uk and include a generous package of tax reliefs until 2026 for eligible businesses on Freeport tax sites like Parkside. We are also backing Freeports over a 25-year period through local retention of all business rates growth above an agreed baseline.

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