Financial incentives for businesses to locate to Thames Freeport begin

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A range of financial incentives which make it more “economically attractive” for businesses to locate to Thames Freeport have begun.

Anyone setting up a new logistics, manufacturing, or clean energy company at Thames Freeport will be able to access “tangible economic benefits” which are available across the three tax sites at Ford Dagenham, the Port of Tilbury, and London Gateway’s Logistics Park.

The substantial sites are ready for development immediately.

These tax reliefs are designed to encourage the maximum number of companies to open, expand and invest in the country’s freeports, which in turn will boost skilled, highly paid employment.

Rt Hon Ruth Kelly, Chair of Thames Freeport said: “Thames Freeport is open for business. This package of measures potentially reduces property ownership costs for new businesses by 50%, offering a massive fillip to our 1,700-acre development platform – much with planning consent.  The accelerated development of these sites will bring significant economic and regeneration benefits to the communities and businesses based along the Thames estuary corridor.”

Thames Freeport is an economic zone connecting Ford’s world-class Dagenham engine plant, the global ports at London Gateway and Tilbury, and many communities in urgent need of economic support.

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