Question reference: S6W-06665
- Asked by: Colin Smyth, MSP for South Scotland, Scottish Labour
- Date lodged: 18 February 2022
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Current status: Answered by Ivan McKee on 7 March 2022
Question
To ask the Scottish Government what (a) financial resources and (b) other support will be provided for the establishment of freeports in Scotland.
Answer
Each successful Green Freeport applicant will have the opportunity to access up to £25 million of capital funding to assist with site infrastructure costs. In addition, they will also have the opportunity to access up to £1 million of revenue funding to assist with set-up costs. Release of revenue funding will be subject to Green Freeports adequately demonstrating a need for this funding, and to suitable governance arrangements being established.
The successful Green Freeports will also benefit from a package of reserved and devolved incentives, including tax reliefs and customs easements.
Officials from both the Scottish and UK Governments will work with the successful applicants to support them to develop robust business cases which, once approved, will allow the Green Freeports to open for business.