Freeports will bring a boost to economic
activity in their designated areas
Already home to the UK’s busiest port complex including the four major ports of Hull, Goole, Immingham and Grimsby, which combined handle around 17% of the nation’s trade, the Humber Ports play a vital role as strategic assets in the fabric of the nation.
Yorkshire Energy Park sits within the Humber Freeport tax zone, which will take in a wide 45-kilometre area expanding across both banks of the Humber, bringing jobs and making the region a global gateway.
Freeports are special areas within the UK where favourable economic regulations apply such as tax incentives, relief from stamp duty and NIC contributions as well as planning, innovation, trade and investment support. The Humber freeport will become a hotbed for innovation and trade and as such, will be an ideal location for businesses.
Britain’s Global Gateway
Inside the Humber Freeport tax zone