Andrew Bridgen MP for North West Leicestershire has backed the East Midlands Airport bid to become a Freeport.
Freeports are designated zones where the normal tax and tariff rules of the country do not apply. In these ports, goods can be imported, manufactured and re-exported without being subject to customs checks, paperwork, or import taxes, known as tariffs.
The Government has this month opened the bidding for at least 7 Freeports in the UK. They will be selected according to an open, transparent bidding process, and the bidding prospectus sets out how ports, businesses, local government and other local partners can come together to bid for Freeport status.
Andrew Bridgen has given his full support to the Freeport bid being placed by East Midlands Airport saying ‘Freeport status would drive growth in the region's economy, increase job opportunities, drive international trade and investment as well as improve infrastructure.’
Andrew continued ‘Leaving the EU creates new opportunities for the UK to strengthen the Union and become a hub for international trade and investment. Revitalising our port regions through an ambitious Freeport policy is a key component of realising this vision and unlocking the deep potential of regions such as the East Midlands. Freeports will increase trade, create employment and attract investment in order to form innovative business clusters that benefit local areas.’
Andrew concluded ‘We have the perfect logistical position for a Freeport with the Airport supported by the East Midlands Gateway and superb road links both North to South and East to West. The Airport is already a major trade hub, the UK’s busiest pure-freight airport, with more than 1,000 tonnes of cargo passing through every day and there is scope to at least treble that.’
The bidding period will close on 5 February 2021 and a decision is expected in the Spring.