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News Report Page 3 of 17
Publication Date:-
2023-01-15
 
News reports located on this page = 2.

Jobs and investment boost for Liverpool gets green light to Freeport Status

NEW high quality jobs and much needed investment for Liverpool will be unlocked, as the Liverpool City Regional Freeport received final Government sign off. As the country's leading transatlantic port, Liverpool is a strong Freeport location. It handles 45% of trade from the US and is the UK's biggest western facing port.

The Liverpool City Region Freeport's primary custom sites are the Port of Liverpool in Seaforth and at Liverpool John Lennon Airport, and stretch to the other end of the Manchester ship canal, providing a well connected zone for logistics and manufacturing.

The opening of Liverpool City Region Freeport's 1st Customs Site is also a major step forward. It is it is estimated that the freeport could create more than 14,000 new highly skilled jobs, deliver £800m of investment and generate an additional £850m of GVA for the Liverpool City Region's economy.

Levelling Up Minister Dehenna Davison said:- "This is an historic day for Liverpool and for the whole of UK, as the Liverpool City Region Freeport is officially fully up and running. Stretching from the Wirral to the Port of Salford, Liverpool Freeport will be a gateway to international markets, drawing investment into communities that have often been overlooked. We are maximising the opportunities of leaving the European Union to drive growth and boost innovation and investment in the UK."

Steve Rotheram, Mayor of the Liverpool City Region said:- "Throughout the process, I've been clear that I will only use our freeport as a force for good, to help build an economy that works for everyone in our Region. I want to attract investors into our area who believe in, and support, our local ambitions" those who will help us to protect workers' rights and uphold standards, and who want to work with us to deliver regeneration and funding in the areas that need it most. The establishment of the Liverpool City Region Freeport has the potential to help our drive to attract international investment, create more well paid, highly skilled jobs for local people and build on our existing strengths and promote our international competitiveness. It is estimated that the freeport will add £850m to the local economy and contribute towards our plans to boost research and development and target green technologies to help us reach net zero by 2040 at the latest. But, for us, it means much more than that. I want to ensure that there is purpose behind this status that fuels greater social mobility, innovation, and inclusion for our whole Region" including the integration of our Fair Employment Charter. Today, those plans have taken another step forward. I will be pressing for it to be up and running as soon as possible so local people and communities can begin to feel the benefits."

Subject to the delivery of agreed milestones, Liverpool City Region Freeport will now receive up to £25 million seed funding over the next few years to support the Region's levelling up ambitions.

Already, the UK Government has approval of SSO International Freight Forwarding as the freeport's 1st Customs Site Operator. SSO International Freight Forwarding are experienced freight forwarding specialists based in St Helens, offering a full range of import and export services. They will now operate a designated customs site consisting of their brand new 50,000 square foot secure warehouse, within Haydock, with easy access to the M62 and M6, as well as:- Liverpool and Manchester Airports, and the Port of Liverpool...

All this follows on from the Government recently announcing the approval of:- Teesside, Plymouth and South Devon and Solent Freeports and we can expect the remaining 3 English Freeports to join these areas in receiving final approvals shortly.

The Government will also shortly be announcing the locations of 2 Green Freeports, in Scotland, as well as at least 1 Freeport within Wales. It will continue discussions with stakeholders in Northern Ireland about how the benefits associated with the Freeport programme can be extended there, to ensure all 4 corners of the UK can reap the benefits of our Freeports programme.

Businesses operating within Freeport customs sites will have access to a range of benefits unique to Freeports, including:-

Simplified import declarations.

Movement between customs sites with declaration:- "by conduct" rather than having to use transit or complete a declaration digitally.

Ability for an authorised Freeport business to move from another special procedure to the new Freeport procedure using declaration:- "by conduct."

Access to duty suspension, duty exemption on re-exports, and flexibility on how duty is calculated via combined Freeport Customs Procedure, instead of multiple authorisations.

Goods under Freeport Procedure may move between processing and storage under that procedure and without a separate declaration.

Suspension of import VAT (Value Added Tax) and zero rating for eligible supplies of goods and related services in the free zone.

We are interested to know your thoughts on this topic, so please email them to our Newsroom at:- News24@SouthportReporter.Com.
 


Liverpool City Region Freeport officially open for business as Mayor pledges to use status as a:- "force for good"

(internal, warehouse shot - l to r): Tom O'Brien, Chair of the Liverpool City Region Freeport, Gary McDermott, Managing Director, SSO International, Steve Rotheram, Mayor of the Liverpool City Region, Louise Di Blasi, CSO Account Manager, LCR Freeport, Cllr David Baines, Leader of St Helens Borough Council and LCR Freeport Board member.

THE Liverpool City Region Freeport is officially open for business after Secretary of State for Levelling Up, Housing and Communities, Michael Gove approved its full business case. Once fully operational, it is estimated that the freeport could create more than 14,000 new highly skilled jobs, deliver £800m of investment and generate an additional £850m of GVA for the Liverpool City Regionís economy.

The Regionís leaders have chosen to pursue businesses and industries that align with the values and priorities of the Combined Authority. These include:- innovation in advanced manufacturing, pharmaceuticals and green energy; with a particular focus on the Regionís target to be net zero carbon by 2040 at the latest. By grouping high productivity and innovative businesses close together, the freeport can play a role in the Region's work to tackle the underlying weaknesses in the local job market such as productivity, pay and job security.

Responding to the news, Steve Rotheram, Mayor of the Liverpool City Region said:- "Throughout the process, I've been clear that I will only use our freeport as a force for good, to help build an economy that works for everyone in our Region. I want to attract investors into our area who believe in, and support, our local ambitions; those who will help us to protect workers' rights and uphold standards, and who want to work with us to deliver regeneration and funding in the areas that need it most. The establishment of the Liverpool City Region Freeport has the potential to help our drive to attract international investment, create more well paid, highly skilled jobs for local people and build on our existing strengths and promote our international competitiveness. It is estimated that the freeport will add £850m to the local economy and contribute towards our plans to boost research and development and target green technologies to help us reach net zero by 2040 at the latest. But, for us, it means much more than that. I want to ensure that there is purpose behind this status that fuels greater social mobility, innovation, and inclusion for our whole Region; including the integration of our Fair Employment Charter. Today, those plans have taken another step forward. I will be pressing for it to be up and running as soon as possible so local people and communities can begin to feel the benefits."

Councillor Janette Williamson, Liverpool City Region Combined Authority Portfolio Holder for Inclusive Economy and the Third Sector, said:- "The Liverpool City Region Freeport opening for business is tremendous news for our City Region. We have been very clear through this process that we would create a Freeport that helps to benefit everyone in our City Region, and that is what we have done. I'm sure that it will play a key role in driving inclusive economic prosperity across the whole of our area."

Mayor Steve Rotheram and local leaders have been clear throughout the entire freeport bidding process that the Region is pursuing this for the opportunities it will bring for regeneration and building on expanding its capacity in areas, such as:- research and development; and not to pursue a race to the bottom. The mayor has consistently that that he would not accept any dilution of workers' rights, safety practices or regulatory standards

Tom OíBrien, Chair of the Liverpool City Region Freeport, said:- "It's fantastic news that the Liverpool City Region Freeport is now open for business. We've been working extremely hard throughout the development stage to ensure that we could hit the ground running when we reached this stage and I'm sure the Freeport will now deliver tremendous benefits to the City Region's economy, creating thousands of high quality jobs and boosting growth and prosperity."

John Lucy, Director of the Liverpool City Region Freeport, said:- "This is a very significant moment for the Liverpool City Region's economy as, after a huge amount of hard work, the Freeport is now up and running. We can now get on with the real business of creating prosperity for the people of the City Region. I'm sure that the Freeport will be transformational and I can't wait to see it start delivering real benefits."

Recently, SSO International in Haydock, St Helens, became the freeport's 1st Customs Site Operator (CSO). A freeport customs site operator provides a secure, enclosed customs zone where some normal customs rules do not apply. Every freeport needs at least 1 approved CSO to be operational.

Speaking after a visit to SSO International, Cllr David Baines, Leader of St Helens Borough Council and LCR Freeport Board Member, said:- "We have seen with the example of SSO International how the LCR Freeport has huge potential for businesses across our Region and beyond, creating prosperity and tangible benefits for our residents in the form of good quality jobs and the increased opportunities a growing economy brings. We now have a pipeline of 50 companies interested in following SSO International's example. We will look back on the creation of the Freeport as a hugely significant moment in the City Regionís economic history."

The freeport is a designated area covering 45km, where a range of economic incentives will be available, covering:- customs, business rates, planning, regeneration, innovation and trade and investment support. Local Councils will be able to retain 100% of business rates growth generated by the freeport tax sites, that is located within:- Birkenhead, St Helens and Widnes.

Centred on a mix of infrastructure including the deep water container terminal at the Port of Liverpool, the UK's biggest western facing port, which already handles 45% of trade from the US; it is the key coastal access point to the UK's largest concentration of manufacturing.

Targeting key sectors including:- automotive, biomanufacturing / pharmaceuticals and maritime, the freeport will support and attract new advanced manufacturing, logistics and low carbon energy industries.

We are interested to know your thoughts on this topic, so please email them to our Newsroom at:- News24@SouthportReporter.Com.

 
      
 
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