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Registration still open for Cumbria LEP AGM
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Registration still open for Cumbria LEP AGM | The Westmorland Gazette
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Jo Lappin
A Cumbrian business leader said despite the county’s Freeport bid failing, there was still hope for a positive outcome.
Jo Lappin, chief executive of the Cumbria Local Enterprise Partnership, said there was a possibility a number of Cumbriaâs proposals made as part of the bid could still be taken forward.
Freeports are areas such as airports or maritime ports designated by the Government to exist under special tax and customs rules.
Companies operating in these areas can defer paying tax until their products are moved elsewhere, or can avoid paying tax entirely if their goods are stored or manufactured on site then exported again.
Hopes continue after Cumbria s bid for Freeport status fails
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