Friday, August 12, 2022

East Midlands freeport will be an important driver for growth in region’s economy, says Chamber after plans get formal approval

Commenting on confirmation that the East Midlands freeport has secured formal Government approval, East Midlands Chamber chief executive Scott Knowles said“A year on from the exciting plans being unveiled for the East Midlands freeport, today’s confirmation is a huge moment for the region – which can now look forward to a huge economic boost in the decades ahead. Following the end of all Covid-19 restrictions in February, this is another big boost for business confidence.

“Our region already has fantastic national and international trading links – something highlighted during the pandemic – and freeport status means we can cement our role at the centre of Britain’s post-Brexit global trading relationship.

“We are in a unique position as the only inland freeport among the 10 designated zones, which is testament to East Midlands Airport’s reputation as the country’s most important mover of international freight and the catalyst for the explosive growth we’ve witnessed in our region’s logistics sector in recent years.

“This free trade zone, which will have a focus on innovation, low carbon and trade, signals the direction of travel for the East Midlands economy – giving investors something tangible to back in order to deliver the inward investment and jobs that will enable growth.

“We’ve already been notified about interest from companies both inside and outside our region that may want to locate themselves at the freeport in order to take advantage of tax breaks at sites including East Midlands Airport, so the green light should pave the way forward for more companies moving into our region.

“For our workforce, it will provide much-needed new opportunities for high-skilled, well-paid and more productive jobs – a key priority of this Government and an important driver of growth for the East Midlands economy.”

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 pandemic 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 £33.60 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

Related news

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