In the 2021 Spring Budget, the Chancellor confirmed the locations of England’s eight regional freeports. Find out how they will help to deliver on regional growth aspirations.
16 Apr 2021, 5 min read
How freeports work
Freeports are designated customs sites where normal taxation and tariff rules of the host country do not apply. Freeports are not a new concept and globally there are an estimated 3,500 freeports in operation. Whilst they are predominantly situated alongside existing maritime port infrastructure, they can also operate further inland around airports.
Freeports work by creating a physical ‘buffer zone’ between the land border and the duties border of a country for goods that are imported. Goods
Exclusive My CBI member-only content 
