Creating a hotbed for innovation in the East of England
Freeport East covers over a thousand square kilometres in total, stretching from Felixstowe and Harwich down through Clacton and Jaywick, out around Colchester and Sudbury, Stowmarket and Woodbridge.
With its unique global links and existing innovative sectoral clusters, Freeport East attracts inward international investment to drive domestic growth, propelling the country’s economy forward.
Covering Britain’s busiest container port and two major ferry ports and located close to the East Coast green energy cluster, Freeport East offers a unique combination of advantages to benefit traders, manufacturers and clean energy suppliers.
It will create 13,500 new jobs and generate a Gross Value Added (GVA) of £5.5 billion over 10 years.
Freeport East is a unique partner for investment and collaboration for partners looking to innovate and test new approaches to growing a modern green economy for the future.
The UK Government’s freeport policy comprises a mix of mechanisms designed to facilitate economic growth. These include targeted tax benefits to bring forward key development sites, a novel customs regime to facilitate customs site development, and targeted Government support and regulatory engagement to unlock barriers to innovation and strengthen trade and inward investment opportunities.