Posted on the : 27th October 2021
On 29 October 2021, the government will lay the secondary legislation to designate the following Freeport tax sites:
Those Freeports will therefore be able to begin initial operations from November once the legislation has passed. The Freeports will encourage businesses from around the world to create new hubs of global trade that will transform economic prospects and job opportunities for local communities.
Peter Stephenson, Executive Chairman of the Able Group commented:
“This is another important and significant milestone in the process of bringing the Humber Ports Port (AHP) to fruition. This follows on from the strong interest from a number of manufacturers and the public commitments already made by SeAH, the Korean monopile manufacturer and by GRI the Spanish producer of offshore wind towers. All recognise the significance of the combined benefits of a bespoke state of the art facility coupled with the extensive incentives offered by Freeport Tax Site status.
Delivering the wider Humber Freeport represents a significant achievement for the area and is a tribute to the combined efforts of local authorities, the two LEPS, a selection of landowners and the team that have led the process.”
The first phase of AHP works will see the development of up to 217ha (536 acres) of land and the construction of 1,349m of heavy-duty, deep-water quays, to develop a bespoke facility to serve the needs of the offshore wind sector. .
AHP’s primary activities will cover the manufacture, storage and installation of offshore wind components within an anticipated new ‘world-scale’ industrial cluster. The quays will provide four adjacent installation bases with an annual capacity to install c. 4GW of offshore wind power.
ABLE commenced the AHP land assembly process in 1999 and obtained the planning permission – through a Development Consent Order – in October 2014. To date, including land development and acquisition the Group has invested £282m at AHP.
In terms of job creation, it is anticipated that by 2030, 1,500 direct on-site jobs will be created, along with 1,500 in the immediate supply chain.Return To News...