Tees Business Issue 31 | Page 36

The Teesside Freeport is the UK ’ s biggest and first operational freeport . It spans 4,500 acres , including rail-linked port sites and an international airport .
The Teesside Freeport is centred around Teesworks , the country ’ s largest industrial zone , which is primed to become a leader in clean energy , offshore and advanced manufacturing . Next door , Wilton International , Britain ’ s biggest chemical complex , is also part of the freeport . Freeports help boost international trade by giving exemptions from certain tax and customs requirements , such as no stamp duty , five years of zero business rates , employer NI contributions rate relief and enhanced capital allowances . The Teesside Freeport is expected to create 18,000 jobs and add billions to the UK economy in the first five years .
Newcastle
A19
To find out more , get in touch : enquiries @ teessidefreeport . com | teessidefreeport . com
A1 ( M ) A689
A689
A66
A19
Draken 30 Jobs
Willis £ 25M | 200 Jobs
Cargo Handling Facility | £ 2.5M
Mech Tool
Prysmian Group | Port of Middlesbrough | £ 10M
Office Space Development
Southside Development £ 200M | 4,400 Jobs
Stockton-on-Tees
Darlington
36 | Tees Business
A66