A is a zoned area within which operators and businesses can access tax benefits and other incentives.
Green Freeport objectives
Green Freeport objectives are to:
- promote regeneration and high-quality job creation
- promote decarbonisation and a just transition to a net zero economy
- establish hubs for global trade and investment
- foster an innovative environment
The is one of two Green Freeports in Scotland. It spans a 45 kilometre wide site in the that encompasses , and . The Forth Green Freeport partners are , , , , , , , and .
On 25 June 2024, the Council's Finance and Sustainability Committee approved an .
On 22 August 2024, the Council's Policy and Sustainability Committee agreed to .
Within the Forth Green Freeport, there are 3 tax sites:
- Mid-Forth ( and )
along with various customs sites.
The on 12 June 2024.
Benefits and incentives for businesses
Businesses investing in the tax sites can potentially access the following tax benefits:
Businesses investing in the custom sites can access incentives such as:
- duty suspension
- duty flexibility
- duty exemption for re-exports
- simplified import declarations
Find out more about the on their website.