Free Zones: Costs

(asked on 5th March 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the cost of establishing the eight proposed freeports (a) for each freeport and (b) in total.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 10th March 2021

The government is pleased to have announced the locations of 8 new English Freeports at Budget.

Freeports will be introduced as soon as possible and successful bidders will be confirmed subject to a business case review, agreement of governance arrangements, and the fulfilment of the appropriate authorisations.  The government will be working with bidders on these through 2021 and expects Freeports to be operational in late 2021.

As part of this process there will be an assessment of the costs of benefits of specific sites within the Freeport.

As part of the authorisation of Freeport customs sites, operators will need to demonstrate adequate staffing arrangements.

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