Teesside Freeport is the largest Freeport in the United Kingdom, where special arrangements apply for taxation and customs.[1] It was launched in 2021.[2]
The freeport covers 4,500 acres across multiple sites including:
- Teesworks, a former steelworks described as Europe's largest brownfield site[3]
- Wilton International (a former ICI site in Redcar and Cleveland)
- Teesside International Airport,
- the sea ports of Hartlepool and Teesport.
South Tees Development Corporation, which predates the freeport, has made substantial investments at the Teesworks site.[4][3] With the announcement of the freeport, and the anticipated demand for land within it, the programme of demolition and remediation work was accelerated.
- ^ "Low taxes and levelling up: the great freeport experiment comes to Teesside". The Guardian. 13 November 2021. Retrieved 19 January 2023.
- ^ "Teesside Freeport". Tees Valley Combined Authority. Retrieved 19 January 2023.
- ^ a b Cite error: The named reference
BBCwas invoked but never defined (see the help page). - ^ "Northern Powerhouse Minister greenlights" (Press release). Ministry of Housing, Communities & Local Government. 2019.