A is a zoned area within which operators and businesses can access tax benefits and other incentives.
Green Freeport objectives
- promoting regeneration and high-quality job creation
- promoting decarbonisation and a just transition to a net zero economy
- establishing hubs for global trade and investment
- fostering 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 , , the City of Edinburgh Council, , , , Ineos, the , and .
On , the Council's Finance and Sustainability Committee approved an investment strategy for retained non-domestic rates from the Forth Green Freeport.
On , the Council's Policy and Sustainability Committee agreed to endorse the full business case for the Forth Green Freeport.
Within the Forth Green Freeport, there are 3 tax sites
- Mid-Forth ( and )
along with various customs sites.
The tax sites were formally designated on .
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.