A Green Freeport is a zoned area within which operators and businesses can access tax benefits and other incentives.
Green Freeport objectives
- Promoting regeneration and high-quality job creation.
- Promoting decarbonisation and a just transition to a net zero economy.
- Establishing hubs for global trade and investment.
- Fostering an innovative environment.
The Forth Green Freeport is one of two Green Freeports in Scotland. It spans a 45 kilometre wide site in the Forth Estuary that encompasses Edinburgh, Falkirk, and Fife.
Within the Forth Green Freeport, there are three "tax sites"
- Grangemouth
- Mid-Forth (Burntisland and Leith)
- Rosyth
and four "customs sites"
- Edinburgh Airport
- Grangemouth
- Mid-Forth (Burntisland and Leith)
- Rosyth
The tax sites were formally designated on 12 June 2024.
Benefits and incentives for businesses
Businesses investing in the tax sites can potentially access the following tax benefits
- enhanced capital allowances
- enhanced structures and buildings allowance
- non-domestic rates relief
- employers' national insurance contributions relief
- land and building transaction tax relief
Businesses investing in the custom sites can access incentives such as
- duty suspension
- duty flexibility
- duty exemption for re-exports
- simplified import declarations
Find out more about the Forth Green Freeport on their website.