Free Zones: Job Creation

Treasury written question – answered on 4th March 2020.

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Photo of Tulip Siddiq Tulip Siddiq Labour, Hampstead and Kilburn

To ask the Chancellor of the Exchequer, what estimate his Department has made of (a) the potential number of jobs created by freeports and (b) how many of those jobs will be transferred from elsewhere in the UK.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

We are engaging with industry experts, economists and the public to ensure we make Freeports a success, by developing an extremely ambitious and attractive offer for businesses interested in investing in Freeports. We believe Freeports will play a significant role in boosting trade, attracting inward investment and driving productive activity across the UK. This will level up communities across the country through increased employment opportunities. We launched a consultation on the 10 February, which will run for 10 weeks. We will take on board suggestions and feedback from stakeholders and the public during this consultation and make further announcements in due course.

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