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Freeport for Wales to Get £26m to Set Up As Deal Confirmed by Welsh and UK Governments

12th May 2022
The rules have been eased to allow a multi-site freeport and governments will work together on choosing the location/s. Above freight check-in booths of operators Irish Ferries and Stena Line. The rules have been eased to allow a multi-site freeport and governments will work together on choosing the location/s. Above freight check-in booths of operators Irish Ferries and Stena Line. Credit: NorthWalesLive-twitter

Accross the Irish Sea, the Welsh Government has reached an agreement with the UK Government on the establishment of Freeports in Wales with £26m in starter funding secured.

As North Wales Live revealed (earlier) this morning, the deal had been sealed after months of wrangling about funding and concerns about how a freeport would operate.

Now Economy Minister, Vaughan Gething, has confirmed Welsh Ministers have agreed to support Freeport policies in Wales following the UK Government’s agreement to meet demands that UK Ministers provide at least £26m of non-repayable starter funding. This represents parity with the deals offered to the eight English Freeports.

UK Government’s Secretary of State for Levelling Up, Housing and Communities, Michael Gove also confirmed the deal. He added: "The UK Government’s ambitious Freeports agenda will help to level up our coastal communities and create new opportunities for people right across the country."

Ports across Wales, including Holyhead, Milford Haven and Associated British Ports’ South Wales ports, have expressed an interest to securing freeport status and the next stage will be selecting a site.

For further details agreed in the freeport deal, North Wales Live reports and for more on the development.

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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