Jobs and investment boost for Thames region as Freeport gets green light
March 28, 2023
Thames Freeport has received final government sign off, unlocking new high-quality jobs and much-needed investment.
The Freeport will now receive up to £25 million seed funding from government and potentially hundreds of millions in locally retained business rates to drive growth in the UK’s advanced manufacturing, biomanufacturing, logistics, and low carbon industries.
The government says it will help drive investment into sectors including automated and electric vehicles, renewable energy and battery storage, generating thousands of jobs and boosting the local economy.
See: Jobs and investment boost for Thames region as Freeport gets green light – GOV.UK (www.gov.uk)