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PLYMOUTH FREE ZONE

THE NEW SOUTH WEST FREEPORT IN PLYMOUTH IS A FANTASTIC OPPORTUNITY FOR LOCAL BUSINESS. LET’S WORK TOGETHER TO MAKE THIS GOOD NEWS FOR EVERYONE IN OUR CITY AND AROUND.

Our aim here at "Plym Freeport" is to keep you up-to-date with events as they unfold, and share the most important information as we find it.

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WHAT IS A FREEPORT?

From the UK Government’s Freeport Consultation, February 2020 "Freeports are secure customs zones located at ports where business can be carried out inside a country’s land border, but where different customs rules apply. "They can reduce administrative burdens and tariffs controls, provide relief from duties and import taxes, and ease tax and planning regulations. "Typically, goods brought into a Freeport do not attract a requirement to pay duties until they leave the Freeport and enter the domestic market – and no duty at all is payable if they are re-exported. "If raw materials are brought into a Freeport from overseas and processed into a final good before entering the domestic market, then duties will be paid on the final good. "Freeports may also offer simplifications to the normal customs administrative processes on imported goods."

Feature article: Huge plans could delive...

Near the Deep Lane junction on the A38 (Image: Penny Cross / Plymouth Live)

  Interesting article in plymouthherald.co.uk. A massive new plan that could deliver 3,500 new jobs, £25m of investment, and a new bridge over the A38 will be discussed by councillors next week. South Hams District Council’s executive will be given an update on the progress of the proposed Plymouth and South Devon Freeport when they […]

Feature article: Freeport could be a boo...

Photograph from Pixabay

  Interesting article in Dartmouth Today. Councillors will discuss the progress of the proposed Plymouth and South Devon Freeport when South Hams District Council Executive Committee meet on 27 January 27 2022. Outline proposals, which could mean 3,500 new jobs for the region and a new cycle link, have now been shared with central government. […]

Feature article: Plymouth and South Devo...

Plymouth

Interesting article from Plymouth Live: Plans to create a Plymouth and South Devon Freezone which will unlock millions of pounds worth of public and private investment, as well as create thousands of jobs, has reached a key milestone. Plymouth City Council, in partnership with South Hams District Council and Devon County Council, have now submitted […]

Stakeholder Event

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Plymouth and South Devon Freezone stakeholder event Date: Friday 3rd December, 8am – 11am Venue: PL1, City College Plymouth Running time approx. 2.5 – 3 hours – currently being planned as a physical event but can move to virtual should this be required. 08:00 – 08:05 Housekeeping – Stuart Elford, CEO Devon and Plymouth Chamber […]

Featured article: Princess Yachts want t...

Interesting article from the Plymouth Herald: Luxury boat maker Princess Yachts wants to build another factory in Plymouth’s freeport area so it can produce more vessels, employ more people and fulfil a US$1bn order book. The manufacturer is considering a new production facility at its South Yard base, in Devonport, which is included in Plymouth’s […]

Freeports Consultation Extension

The Government wants to level up the UK by ensuring that towns, cities and regions across the country can benefit from the opportunities that leaving the EU brings. Now we have left, the Government aims to create up to 10 Freeports across the UK. These will be innovative hubs which boost global trade, attract inward […]

Featured article: What is a free port? A...

singapore

Article from The Guardian: Boris Johnson is considering establishing free ports in the UK if he succeeds Theresa May as UK prime minister in July. Belfast, Teesside and Aberdeen are among potential sites for the tax-free economic zones. What is a free port? Free ports or zones are designated by the government as areas with […]