Wednesday , February 26 2020

Brexit freeports explained: What does post-Brexit ‘freeports’ mean? | Politics | News

Chief Secretary to the Treasury, Rishi Sunak, said: “Freeports will unleash the potential in our proud historic ports, boosting and regenerating communities across the UK as we level up.

“They will attract new businesses, spreading jobs, investment and opportunity to towns and cities up and down the country.

“This is all part of our mission as an open, outward-looking country, championing global free trade with vibrant freeports that work for all of the UK.”

After the Government’s 10-week consultation, successful applicants will bid for freeport status and will open for business in 2021.

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