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I understand the importance of flexibility. Prior to the 2025-26 budget, ring fencing had been removed, but the 2025-26 budget delivered a baseline of a further £524.9 million of funding.
No commercial exploitation will be deemed to have occurred, for the purpose of SAT, where aggregate is moved from a site based in the rest of the UK to a site based in Scotland which are both under the same SAT registration.
Bids were sked to include one port and one customs site. The tax site (which can take advantage of the “tax offer”), needed to be within the Freeport boundary, and be no larger than 600 hectares
Some of the benefits to businesses include, for example:
Businesses operating within Freeport customs sites will receive tariff benefits and can take advantage of simplified customs procedures.