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Revision as of 14:24, 17 November 2024
Thames Freeport is located along the Thames estuary in the southeast of England, encompassing the Port of Tilbury, DP World London Gateway, and the Ford Dagenham engine plant. Its strategic location near London positions it as a gateway for trade and economic growth in the region.
Thames Freeport was officially established as part of the UK government’s freeport initiative, aiming to boost trade, create jobs, and support regeneration in key coastal areas. This initiative designates certain regions as Freeports with tax and customs benefits designed to encourage investment.
Overview
The Thames Freeport is a once-in-a-generation opportunity to stimulate trade, accelerate energy transition, and transform the lives of people in London and the boroughs to its east, harnessing innovation to power the future economy.
Located in the London Boroughs of Barking and Dagenham and Havering and Thurrock. Thames Freeport combines three key sites: the Port of Tilbury, the Port of London Gateway, and Ford’s Dagenham plant, covering the London boroughs of Havering, Barking and Dagenham and Thurrock Council. Together, these sites offer significant infrastructure, including extensive port facilities and connections to international markets. The Freeport provides enhanced customs and tax benefits to attract businesses involved in manufacturing, logistics, and green energy.
Key Benefits
- Easy access to Europe's largest consumer market connecting over 130 ports in over 65 international markets.[1]
- Thames Freeport offers 1,700 acres (689 Hectares) of development land in close proximity to the largest consumer market in Europe. [1]
- Thames Freeport will provide around 21,000+ new jobs, with significant investment in training and skills.[1]
- London is the largest port in the UK, handling over 52 million tonnes of cargo each year.[1]
Economic Impact
Thames Freeport is expected to attract significant investment – more than £4.5 billion, with a focus on industries such as food and drink, sustainable construction, and advanced manufacturing. It has pledged to create thousands of jobs within the region and foster economic development through new business opportunities. Its location near London and established transport connections are anticipated to make it a major player in the UK’s trade network.
The Freeport aims to contribute to regeneration by promoting economic growth and reducing regional disparities.
Key Facilities and Infrastructure
Port of Tilbury
This port is a major distribution center and provides a diverse range of trade services, including container handling, bulk cargo, and roll-on/roll-off services. The Port of Tilbury has a well-established network for domestic and international trade and serves as one of the largest ports in the southeast of England.[2]
DP World London Gateway
This is a deep-sea port equipped with advanced facilities for container handling and logistics. It has direct rail connections to major UK cities and facilitates trade with global markets.[3]
Ford Dagenham
The Ford Dagenham site is a major industrial site with a focus on advanced manufacturing. It plays a role in supporting Thames Freeport’s ambition to attract green manufacturing and engineering industries.[4]
Environmental Initiatives
Thames Freeport has emphasised sustainability and is exploring partnerships to support green energy projects, including hydrogen and electric vehicle infrastructure. The Freeport is aligned with the UK’s decarbonisation goals and aims to establish a low-carbon industrial hub, promoting sustainable business practices and renewable energy sources.[5]
Strategic Goals
The primary goals of Thames Freeport include:
- Attracting global investment, mainly focussing on food and drink, sustainable construction and advanced manufacturing industries.[6]
- Creating high-quality jobs and skill development opportunities within the Thames Freeport region.[6]
- Supporting the UK’s trade and export capacity, particularly in connection with markets in Europe and beyond.[6]
- Reducing carbon emissions through investments in sustainable infrastructure and low-emission technology.[6]
Future Development
Thames Freeport is actively engaging with partners, investors, and local communities to expand its facilities and capabilities. Future development plans include expanding logistics and storage facilities, supporting emerging green technologies, and enhancing transportation links to support high-volume trade.
References
- ^ a b c d "Thames Freeport". Thames Freeport. December 2023.
{{cite web}}: CS1 maint: url-status (link) - ^ "Port of Tilbury". Wikipedia.
{{cite web}}: CS1 maint: url-status (link) - ^ "London Gateway". Wikipedia.
{{cite web}}: CS1 maint: url-status (link) - ^ "Ford Dagenham". Wikipedia.
{{cite web}}: CS1 maint: url-status (link) - ^ "Energy policy of the United Kingdom". Wikipedia.
- ^ a b c d "About Thames Freeport: A Gateway to Success". Thames Freeport. August 2023.
{{cite web}}: CS1 maint: url-status (link)
See Also
- Freeports in the United Kingdom
- Special Economic Zone
- Free Economic Zone
- List of Free Economic Zones
External Links
- Thames Freeport Official Website