Following the UK Government’s approval of the final business case, the Thames Freeport has been granted the green light to officially establish its board and begin full operations.
The Freeport is an economic zone situated in the Thames Estuary and the port of London, the United Kingdom’s largest port.
Thames Freeport, a collaboration between Ford, Forth Ports Limited, and DP World, will see over US$5.6 billion in new public and private investment, as well as the creation of over 21,000 new jobs and many more across supply chains.
The Freeport has already started to deliver new business growth, generating over 500 new jobs, with six businesses joining its sites that offer a package of financial incentives.
“Thames Freeport offers expanding businesses in green tech, low carbon logistics and manufacturing the advantage of the substantial investment incentives, streamlined customs procedures and co-location within a flourishing green freeport ecosystem,” commented Rt Hon Ruth Kelly, chair of Thames Freeport.
