Humber Freeport has taken a pivotal step in its development trajectory by presenting the blueprint for Goole’s freeport tax site to the government. This initiative, spanning 200 hectares, is poised to unlock a plethora of investment avenues. Divided by the M62 motorway, the site is designed to offer potential investors a suite of compelling advantages.

Over the years, Goole has carved a niche for itself as a magnet for investments, drawing significant ventures from industry giants such as Siemens Mobility and Croda. The establishment of the Goole freeport tax site, a part of the triad within the Humber Freeport zone, is anticipated to catalyze even more substantial investments for the East Yorkshire locale.

The town’s strategic location, bolstered by robust transport networks encompassing road, rail, and sea routes, makes it an attractive proposition for investors. The Humber Estuary further amplifies its global shipping potential.

Simon Bird, the Chair of Humber Freeport, expressed his enthusiasm about the submission, emphasizing Goole’s unique offerings in terms of location and connectivity. The Humber region, which was conferred the Freeport Tax Site Status in 2021, boasts a cumulative 600 hectares across its three sites, ripe for investment.

Adjacent to the established Goole 36 Enterprise Zone, the Goole tax site is a sprawling, untouched land parcel. This zone already houses significant establishments like Guardian Industries’ glass facility and Croda’s new international distribution center. Additionally, the University of Birmingham has unveiled its ambitious £15m rail research center project in the vicinity.

Businesses that choose to invest in this tax site stand to gain from a slew of financial incentives, including tax reliefs and accelerated capital allowances.

Councillor Anne Handley, the Leader of East Riding of Yorkshire Council, underscored the potential of the freeport to stimulate job creation and propel the broader UK economic growth. Humber Freeport’s overarching mission revolves around attracting substantial investments and creating a minimum of 7,000 new job opportunities. The focus is on capitalizing on the region’s burgeoning renewable energy sector and other industries like logistics and advanced manufacturing.