Humber Freeport in plan for another £3bn of investment

Humber Freeport has showcased opportunities that it said have the potential to deliver up to £3 billion of further transformational investment and 5,000 jobs.

The development opportunities are set out in full for the first time in Humber Freeport’s new Investment Prospectus, launched at UKREiiF, the UK’s leading event for investment, regeneration, property and infrastructure.

“The opportunities are on strategically located sites benefiting from Freeport financial incentives, spanning a total of 600 hectares,” said Humber Freeport.

“Over £2bn of investment has already been secured across the Humber Freeport tax sites. It is estimated that a further £2-3bn of investment can be delivered on these sites over the next decade, creating an additional 5,000 high-value jobs.

“The prospectus details investment-ready opportunities across the globally-significant industrial cluster, and showcases the Humber’s compelling proposition as a gateway for international trade, a manufacturing powerhouse, and a strategic asset in UK energy security.”

Humber Freeport launched the Investment Prospectus at UKREiiF in Leeds, during an event hosted by Connected Places Catapult, the UK’s innovation accelerator. Humber Freeport leaders were joined by the region’s two elected Mayors, Luke Campbell and Andrea Jenkyns, in presenting the Humber as a premier UK location for large-scale investment.

Humber Freeport Chair Finbarr Dowling said: “The Humber has long been a place where industry, trade and ambition meet.

“This prospectus highlights the many strategic advantages that position our region as one of the UK’s most compelling locations for industrial investment.

“Having spent more than three decades working in advanced manufacturing and inward investment, I’ve seen first-hand what this region can deliver.

“The Humber has moved from vision to reality, attracting global businesses, building skilled workforces, and delivering projects at scale.”

The Investment Prospectus underlines “how the Humber offers investors scale, capability and proven delivery, and sets out strategic opportunities, and financial incentives available, across the Humber Freeport’s tax sites in Hull, Goole and Immingham.”

Mayor Luke Campbell said: “The Humber already plays a huge role in the UK economy, but this prospectus shows there’s a lot more we can achieve.

“It sits alongside our Local Growth Plan, which builds on Hull and East Yorkshire’s strengths to create real opportunities for local people.”

Mayor Andrea Jenkyns said: “Greater Lincolnshire is the backbone of the United Kingdom. We feed Britain, we power Britain, and we defend Britain. We are one team, we are standing tall, and we are ready to outpace the competition. Greater Lincolnshire is open for business, let’s get to work.”