The Humber, and East Midlands Airport, two of eight UK freeports
A big boost for the region
The Humber sea port and East Midlands Airport have been named as two of eight locations successful in their bids for Freeport status.
Goods that arrive into a Freeport from abroad aren’t subject to the tax charges, called tariffs, that are normally paid to the government. These taxes are only paid if the goods leave the Freeport and are moved elsewhere in the UK.
The other Freeports will be based in Felixstowe & Harwich, Liverpool City Region, Plymouth, Solent, Thames and Teesside. The announcement was made in Rishi Sunak’s 2021 Budget on Wednesday, March 3.