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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."

Plymouth and South Devon Freeport could ...

Part of the South Hams and Plymouth could be earmarked for a government-backed scheme which will mean lower taxes for businesses and relaxed planning regulations for new developments. South Hams District Council agreed on Thursday to submit an expression of interest for the Plymouth and South Devon Freeport to become one of dozens of possible […]

Plymouth’s freeport presents ‘opportunit

Plymouth’s tax-break freeport will bring “opportunities” but also “risks”, according to a leading city academic. Dr Patrick Holden said the trade and manufacturing zone is likely to build on some of Plymouth’s successful business initiatives but it could also lead to environmental and social issues. The University of Plymouth academic said any investment from central […]

The Designation of Freeport Tax Sites (P...

The Treasury make the following Regulations in exercise of the powers conferred by section 113 of the Finance Act 2021(1). The area designated by these Regulations is either situated in a freeport or considered by the Treasury as being used, or likely to be used, for purposes connected with activities carried on, or likely to […]

‘Sheep or jobs – your choice!’

Councillors debate what a freeport will mean Councillors in South Hams were asked to choose between sheep and jobs  – including an exchange about the relative merits of eating grass or money – during a debate about the planned Plymouth and South Devon Freeport. They were discussing the need to acquire land for the proposed […]

South Hams freeport discussed by Devon c...

Councillors in South Hams were asked to choose between sheep and jobs  – including an exchange about the relative merits of eating grass or money – during a debate about the planned Plymouth and South Devon Freeport. They were discussing the need to acquire land for the proposed Langage Energy Park through compulsory purchase orders […]

Whole of Dartmoor and South Hams include...

“The outer boundary does not confer any special planning or regulatory status” Tax-break industrial sites with relaxed planning rules could be set up anywhere in the South Hams or on Dartmoor as part of Plymouth’s new freeport, it has emerged. The Government has set a vast boundary for the project which stretches from Devonport to […]

Featured Article: National Parks ‘seekin

Dartmoor, the North York Moors, and the New Forest national parks are “seeking clarity” from the government over how the proposed relaxed planning regulations for freeports are set to work, after it emerged all three fall within the affected zones.

Welcome to the freeport, where turbocapi...

Democracy is the problem that capital is always striving to solve. To maintain its rates of profit, it seeks to drive down the taxes it must pay and annul the regulations that defend the living world, workers and consumers. This tends to be unpopular. Governments that permit beautiful places to be trashed, workers’ lives to […]

Plymouth bids for £20m investment to tra

Plymouth’s waterfront and port could play a “leading role” in the city’s plans to level up, the city’s council has said. Plymouth is pitching for £19.9m of investment under the government’s Levelling Up Fund to unlock a £43.5m package of transformational infrastructure projects. Three key projects are being put forward to drive change by making […]

featured Article: PLYMOUTH’S WATERFRONT

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Plymouth’s waterfront and port look set to play “leading roles” in the city’s plans to create more opportunities for local people and continue to grow high value sectors. The city is pitching for £19.9m of investment under the Government’s Levelling Up fund to unlock a £43.5m package of transformational infrastructure projects. Three key projects are […]