Humber Freeport launches 500 acre development zone

By Liza Helps Property Editor, Logistics Matters

THIS IS the first site to be brought forward by Humber Freeport, which launched in July. It is expected confirmation of the Goole freeport tax site will spark significant investment in the East Yorkshire town.

Totalling 494 acres, the site is split into two plots separated by the M62 motorway.

Humber Freeport chairman Simon Bird said: “Each of our three tax sites – in Hull, Goole and Immingham – offers something completely unique. The Goole tax site benefits from a strategically significant location, suitable for advanced manufacturing and other sectors, with easy access to the M62 motorway, excellent rail connections and port links to the Humber Estuary.

“Goole has seen major investment from global companies who have already seen the huge opportunity it presents. Freeport status further enhances that opportunity, opening up new corridors of development and economic growth.”

The Humber region was granted Freeport Tax Site Status in 2021, with a total portfolio of 1,500 acres of land available for investment across the three sites.

The Goole site is adjacent to the existing Goole 36 Enterprise Zone, which is home to Guardian Industries’ glass plant, a Tesco distribution centre and Croda’s new international distribution centre.

Businesses investing in the tax site can benefit from accelerated capital allowances, stamp duty and land tax relief, business rate relief, and no employer National Insurance contributions for the first three years.