South West FSB backs Freeport plan for Bristol and surrounding area

  • 17 Feb 2021

The FSB in the South West is pleased to have joined forces with other major business groups and key stakeholders to support a bid by the West of England Combined Authority (WECA) to create a 'Great Western Freeport' which could bring up to 50,000 jobs to the area and be a major boost for the local SME supply chain.

The Government has said they will create ten such 'freeports' across the UK to stimulate local economic activity post-Brexit. The freeports  will allow tax benefits to those involved in import/export and the FSB team believe the West of England/Somerset area has a very strong case to be part of  the initiative.

 

FSB South West Regional Chairman Lee Nathan, therefore, signed a joint letter to the Chancellor of the Exchequer calling for one of the ten freeports to come to the wider Bristol area along with all other business groups and key local signatories including Katherine Bennett (the chair of the new Western Gateway) and the Vice-Chancellors  at Bristol, UWE, Bath and Bath Spa Universities.

You can read more about the freeport plan here and you can see the brochure detailing the West of England case at this link.