Teesside Freeport has commenced operations today, November 19, making it the first of eight planned UK freeports to open.
Announced in the Spring Budget in March by Chancellor Rishi Sunak, Teesside Freeport will enable businesses to benefit from tax reliefs, simplified customs procedures and streamlined planning processes, as well as other government support designed to promote economic growth and innovation. Teesside Freeport will provide a significant boost to the local economy, creating more than…
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