This Is Tees Valley - Issue 3 | Page 10

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The Teesside Freeport is the UK ’ s biggest and first operational Freeport . It spans 4,500 acres across Tees Valley , 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 .
To find out more get in touch enquiries @ teessidefreeport . com | www . teessidefreeport . com
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Willis £ 25M | 200 Jobs
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Cargo Handling Facility | £ 2.5M
Wilton Eng £ 7.5M | 14
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Office Space Development
Southside Development £ 200M | 4,400 Jobs
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Prysmian Group | Port Middlesbrough | £ 10M
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