Plans to create a Freeport Tax Site in Goole are progressing following the submission to Government of the proposed footprint of the development, further enhancing the town’s significant inward investment potential.
Goole is rapidly establishing itself as an investment hotspot, having already attracted major developments by blue chip businesses, including train builder Siemens Mobility and FTSE-listed chemicals specialist Croda.
The proposed 200-hectare Freeport Tax Site site, which is bisected by the M62 motorway, will offer investors who locate there a range of highly-attractive benefits, including accelerated capital allowances, stamp duty and land tax relief, business rate relief and no employer National Insurance contributions for the first three years. It’s one of three Freeport Tax Sites within the Humber region and is a large, undeveloped plot next to the Goole 36 Enterprise Zone.
Once established, the Goole Freeport Tax Site is expected to spark further major investment in the town. It will be one of a cluster of separate but complementary projects located in and around Goole Rail Village, which also include the RaiseE Business Centre, a new £200 million Siemens Mobility manufacturing site and the Goole 36 Enterprise Zone, which is already home to Guardian Industries’ glass plant, a Tesco distribution centre and Croda’s international distribution centre.
Simon Bird, Chair of Humber Freeport, said: “Submitting the footprint for the Goole tax site represents an exciting and significant milestone for Humber Freeport.
“The Goole tax site benefits from a strategically significant location, suitable for advanced manufacturing and other sectors, with easy access to the M62 motorway, excellent rail connections and port links to the Humber Estuary.”
Councillor Anne Handley, Leader of East Riding of Yorkshire Council, said: “The Council has been working closely with the Humber Freeport Company to support tax site development. This is a major step forward in formally establishing the site at Goole.
“Once approved, the Freeport will create a natural extension to the existing Goole Enterprise Zone, providing a wealth of opportunity for new job-creating investments.
“Such investments will not only be good for Goole, they will also have a positive impact on the growth of the wider UK economy.”
Humber Freeport’s mission is to drive hundreds of millions of pounds of investment across the region and generate at least 7,000 new jobs.
Goole’s Freeport Tax Site is located next to the existing Goole 36 Enterprise Zone area, which is proactively marketed by Invest Goole, the inward investment arm of East Riding of Yorkshire Council. Businesses interested in locating within the Goole Freeport, or finding out more about the many benefits, are encouraged to contact the Invest Goole team for an informal chat.
