Freeport East Group, which consists of local authorities and local businesses, has approached the Government to allow Felixstowe and Harwich to be classified as ‘Freeport Status’. If this is approved it could lead to the creation of more than 13,000 jobs in the UK.
The freeport status proposal will benefit tax revenues and streamline the customs procedures for a smoother process, something the UK needs since its exit from the EU. Experts analyzed that if the freeport status is achieved, it will enhance global trade and boost the British economy. Following the Brexit deal, this will be a welcoming piece of news for the conservative government.
The freeport status, if granted, will see thousands of new job openings created around Felixstowe and Harwich. On top of that, there will be opportunities to introduce 150 apprentices into the sector. Through taxes raised the Government could free up £500 million of investment over the next five years to make Great Britain a powerhouse of global trade.
In a report, the chairman of the project board, George Kieffer, said that “Harwich is contributing a major role in the bid to develop an idea for Bathside Bay. This will be an innovation hub and we expect to will cover its own costs pretty quickly” Mr Kieffer added: “Just as the sun rises in our region before it spreads across the UK, so Britain’s future starts at Freeport East.”
Harwich, as well as Felixstowe ports, are in a critical state. However, if a nearby site is developed into innovation hubs and attract new businesses, this can strengthen the infrastructure, according to Mr Kieffer. Freeport East is undoubtedly the right choice for the government, he said. It is a wonderful opportunity for the region, town, and the country to flourish.
Council leader, Neil Stock, said in a speech that Harwich has tremendous prospects to grow as a green energy sector. There is designated land available for activity, while transport improvements will certainly boost the area. He added that if the development takes place, there will be exceptional growth in the employment sector and thus supporting the bid is a noble approach for everyone. Ivan Henderson, an MP from the town and worked 20 years on the dock, also said that this idea would ensure excellent job prospects for future generations, and enhance the economic activity for years to come.