Welsh and UK governments agree to establish freeports in Wales

The Welsh Government has reached agreement with the UK Government on the establishment of freeports in Wales, Economy Minister, Vaughan Gething, has confirmed.

Welsh Ministers have agreed to support freeport policies in Wales following the UK Government’s agreement to meet the Welsh Government’s demands that UK Ministers provide at least £26 million of non-repayable starter funding for any freeport established in Wales, which represents a parity with the deals offered to English freeports.

The UK Government have agreed to meet a number of other demands – including that both governments will act on the basis of a ‘partnership of equals’ to deliver any freeports in Wales.

In addition, both governments have agreed a freeport will only be implemented if it can be demonstrated clearly it will operate in a manner that aligns with the Welsh Government’s policies on fair work and environmental sustainability, including the commitment to Wales becoming a net-zero carbon nation.

For further information visit Welsh and UK governments agree to establish freeports in Wales | GOV.WALES

Posted on: Wednesday 18th May 2022