Wednesday, July 8, 2020

Hull to explore free port status after Government announces plan

Hull’s economy could receive a boost under Government plans to create up to 10 free ports across the UK.

Sea ports and airports are being invited to apply for free port status, which will be issued after the UK leaves the EU.

The free ports would allow firms to import goods into the chosen cities and then export them outside normal tax and customs rules.

The plan “will unleash the potential in our proud historic ports, boosting and regenerating communities across the UK,” according to Chief Secretary to the Treasury, Rishi Sunak.

Councillor Daren Hale, Hull City Council’s portfolio holder for economic investment, said: “We are keen to explore the potential benefits to Hull, particularly any opportunities to develop more quality jobs and build on Hull’s global reputation as a mercantile trading centre.

“Hull City Council will work with our partners to develop proposals that would ensure we continue to develop the city’s economic growth.

“We will look to free port status as a way to further enable the strategic regeneration in Hull while securing Hull’s position as the business capital of the Humber Energy Estuary.”

The region is “essential” to the success of the plans, according to the Humber Local Enterprise Partnership (LEP).

A spokesperson said: “The Humber LEP welcomes the Government’s consultation into free ports and we look forward to working with organisations across the region to develop our response in the coming weeks.

“The Humber Estuary is home to the UK’s largest ports complex and has the space to support further growth. As such, it is essential the region is considered as part of this proposal.

“As evidenced by the success of the Humber Enterprise Zone, giving an area special status can attract both investment and jobs and can bolster economic regeneration.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Modular installation firm boost senior team as COVID turnaround continues

East Yorkshire modular installation firm, Frontier Modular Services, has strengthened its management team with the appointment of Adam Millikin as Operations Manager. Mr Millikin, who...

Wakefield logistics facility acquired in £20m deal

Hines Glob­al Income Trust has acquired a UK logistics asset at Wakefield 41 Industrial Park from AEW UK Core Property Fund for £20.635 million. Located...

Business volumes fall at record pace in financial services

Business volumes in the financial services sector declined at the quickest rate on record, according to the latest CBI/PwC Financial Services Survey. Profitability and...

Job applications rise and competition intensifies

Competition for jobs has intensified as the lockdown eased with applications rising by 32% in June, according to a new market report. The report, from...

Croda swoops for US life sciences firm

Croda International, the Goole-headquartered speciality chemicals producer, is acquiring US life sciences business, Avanti Polar Lipids. The deal brings together Avanti's expertise in lipid-based drug...

NPIF-backed business launches thermal imaging tech to detect COVID-19

Connectus, a connectivity and end user managed service provider, is launching thermal imaging technology to help businesses to detect COVID-19. The company – which has...

Related news

Modular installation firm boost senior team as COVID turnaround continues

East Yorkshire modular installation firm, Frontier Modular Services, has strengthened its management team with the appointment of Adam Millikin as Operations Manager. Mr Millikin, who...

Wakefield logistics facility acquired in £20m deal

Hines Glob­al Income Trust has acquired a UK logistics asset at Wakefield 41 Industrial Park from AEW UK Core Property Fund for £20.635 million. Located...

Business volumes fall at record pace in financial services

Business volumes in the financial services sector declined at the quickest rate on record, according to the latest CBI/PwC Financial Services Survey. Profitability and...

Job applications rise and competition intensifies

Competition for jobs has intensified as the lockdown eased with applications rising by 32% in June, according to a new market report. The report, from...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close