MAJOR STEP FORWARD FOR LIVERPOOL CITY REGION FREEPORT

The Liverpool City Region Freeport has cleared one of the final hurdles in its development with the announcement of government approval for its outline business case.

The final stage in development is now to submit a full business case later in April.

Assuming that it is approved in the spring, the new Freeport will receive funding of £25 million and be open for business in early summer, boosting the city region’s postpandemic economic recovery.

The Liverpool City Region will be home to one of just eight Freeports in England. The new Freeports are expected to be hubs of business and enterprise which have the potential to create thousands of jobs, help regenerate communities and establish Britain’s post-Brexit place in the world. The government says that they are central to its levelling up strategy.

Read more via www.liverpoolcityregion-ca.gov.uk/ major-step-forward-for-liverpool-cityregion-freeport