Green Freeport status has the potential to transform the Region’s social and physical landscape, create thousands of jobs, promote regeneration and repurposing of key land sites, and help the country achieve its net zero ambitions. It will provide an enormous economic boost and competitive advantage for the two winning Regions in Scotland and we are determined to be one of them.
Glasgow City Region Clyde Green Freeport Bid SUBMITTED
An ambitious proposal to create up to 30,000 new jobs, attract £2.5 billion of capital investment and transform nearly 600 hectares of vacant and derelict land in key locations for a new green freeport has been unveiled. The Clyde Green Freeport would generate a multi-billion pound boost for the Glasgow City Region economy and accelerate regional, national and UK net zero targets.
What is a Green Freeport?
Scotland’s Green Freeports are free economic zones (FEZ) that include rail, sea or air.
Organisations within the Green Freeport zone can benefit from tax breaks and lower business tariffs, forming part of the UK Government’s Levelling Up agenda and the Scottish Government’s Economic Strategy 2022.
Bid applications from Regions across Scotland will be submitted to the UK and Scottish Governments for review on 20 June 2022, from which two successful Regional Bids will be selected in the summer, with each asked to develop a more detailed business case.