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What are freeports? The Solent Freeport was announced by Southampton-born Chancellor Rishi Sunak, who had championed the idea. Designed to attract major domestic and international investment, areas given freeport status are said to benefit from a wide package of tax reliefs, simplified customs procedures, streamlined planning processes to boost redevelopment and government support to promote regeneration and innovation. Freeports are a special kind of port where normal tax and customs rules do not apply. They are similar to free zones, or enterprise zones , which are designated areas subject to a broad array of special regulatory requirements, tax breaks and government support.