North East ‘virtual’ freeport bid aims to create 60,000 jobs
North East ‘virtual’ freeport bid aims to create 60,000 jobs
A bid for freeport status could see more than 60,000 new jobs created in the North East.
The region has lodged a bid for freeport status which it says could give the region’s economy a £3.4bn boost by creating special economic zones where businesses can operate outside of normal tax and customs rules.
The region’s freeport bid proposes a “virtual free trade zone” involving the ports of Tyne,…
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