News / As UK freeport consultation ends, Teesside eyes 'investment and jobs boost'

The UK government will on Monday end industry consultation on proposals to build up to 10 freeports around the country following its formal departure from the EU.

According to partners at UK law firm Dentons, the government has three main aims from the development of freeports: to serve as national hubs for global trade and investment across the UK; to promote regeneration and job creation; and create hotbeds of innovation.

A freeport is a designated area physically part of a country, but technically ...