Freeport East is one of eight new Freeports announced in this week's Budget.
The Freeport East bid is centred upon the Port of Felixstowe and Harwich International Port.
The bid estimates 13,500 new jobs could be created in the area, while over the next five years Freeport East would attract more than £500million of investment – while providing a £650m boost to the UK economy.
Freeport East can deliver on the nation’s strategic aims:
- growing global trade, combining the UK’s largest deep-sea container port at Felixstowe with the short sea European gateway at Harwich
- being a hub for innovation, driving the Green Industrial Revolution by creating a new hydrogen hub and supporting development of offshore renewables
- driving economic growth and opportunity for more deprived communities both close to the ports and – through its trade connections throughout the UK – across the country.
Find out more about Freeport East at freeporteast.com