East Midlands Freeport’s Post

Name: East Midlands Freeport on LinkedIn: #investment #jobs #skills #eastmidlands #uk
Uploaded: 2024-06-26T14:03:56.582Z
Channel: East Midlands Freeport

East Midlands Freeport

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3mo

"East Midlands Freeport has focused attention on making the case for inward investment": Great to see Ioan Reed-Aspley and East Midlands Airport sharing our ambitions to help drive #investment #jobs #skills for the #eastmidlands and the #UK economy as a whole with Mark Dennison on Notts TV Tom Newman-Taylor Steve Griffiths Julia Cook Jon Rawcliffe Katie Greenhalgh Jonathan Bretherton FRICS Paul Miller Dan Cooper Chart.PR MCIPR

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It's time for our second great guest of the show and we're talking about plans taking off for land near East Midlands Airport to become a high tech logistics and manufacturing park, so a part of Freeport plans full and around the airport. That means businesses being given special tax incentives for importing and exporting, with bosses at the airport submitting new plans earlier this month. It's aimed at turning A-102 acre site into a new industrial hub that could create 2000 more. Jobs for our regions economy here to tell us more about the plans is the airport head of corporate affairs Yuan Reed aspley good to see you thank you for coming in I thought it would start with the basics Yohan what is a Freeport freeport's are special economic zones that the current government set up a few years ago to attract inward investment and economic activity to boost jobs and. Growth essentially and there are two parts to them. There are tax sites and that's the bit that we were talking about around the airport. And there are custom site as well, which benefit businesses that particularly import and export. So some favorable tariffs if you're part of the custom site. OK. I mentioned there about the numbers of jobs and you've talked about some of the other benefits as well. I wonder what the benefits for particularly Nottinghamshire within this region could be? Well, there the East Midlands Freeport has three tax sites and one of those is in Nottinghamshire and it's the area on the site. The Radcliffe and solar power station and that will benefit that site when the power station gets decommissioned later this year. And eventually demolished and it will attract new businesses and I think they have a plan to attract a green energy and cleaner energy companies come in and occupy that site. So the Freeport tax benefits will will really benefit those businesses moving on to that site. So there's the direct benefit to Notting Machine on the tax sites in the county. The other benefit of course is the area around the airport has also been designated tax site and the planning application that you refer to in the development around there which we've just submitted. Is for very high tech advanced manufacturing businesses to be located near the airport and that will create jobs for people in the whole area, not just in northwest Leicestershire where the airport is based. We hear a lot of that freeports, don't we, elsewhere in the country? I think there are a few of them around. How are they doing so far? Well, it's still very early days for free ports, yeah. So it's very difficult to measure directly the impact they're having. But what it has done is certainly, if you look at the example in the East Midlands, focused attention on inward investment and making the case for inward investment. And that comes at a time when we now have a new combined authority serving parts of the region and a new elected mayor. And it really just helps bang the drum for the Eastmans region and becomes a focal point for inward investment and the more groups and businesses out there and. Forums out there shouting for these millions the better, because they're perhaps has not been quite that consistency of message in the past. You mentioned it's in the planning stages at the moment. So what what's the time scale looking like? Well, subject to planning approval. So we're just, I've come straight from a consultation event today with some local people who live nearby so they can find out about more, the more about those plans and should they be approved then I think work could start on site with certainly within a couple of years. I'm sure the local people would have been asking this as well. What kind of impact might there be on things like traffic? Because E Midlands Airport is obviously a busy place as it is. Could this add to traffic? Yeah, well, absolutely. And part of the planning process is that a lot of work has gone into sort of modeling traffic flows, looking at the road network, where improvements need to be made to junctions, et cetera. And you and I were talking earlier about the business of the roads around the airport and to and from the airport, and that all has to be factored in and considered. Big piece of work, traffic, traffic modelling. So too does environmental impact, noise and sound protection to ensure that any impact on local communities is mitigated. OK. Any impact on the airport itself? Obviously we're in holiday time now, aren't we? Is this going to change anything the airport actually does or not? No. What it does do though is really complement the airport operation because this is very high end logistics operations. The airport is not only a hub for people going on holiday, but it's the largest express air freight airport in the UK. And this economic activity around the airport is very complementary to that. And it just demonstrates the economic, the catalytic economic effect the airport has on the local region. This is a great example of that. Good to see you. Thank you for explaining.

Jacqui Tomlinson

Mentor, Charity Coordinator and volunteer comprehension tutor (key stage 2)

3mo

Correction the airport have applied for outline planning permission. What are these high technology jobs? By your own admission at your event (not a consultation) you currently have no businesses expressing an interest in your warehouses. Manufacturing what, by who?

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East Midlands Freeport’s Post

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