Portsmouth gains final piece of freeport approval

Authorised businesses can now import certain goods to the port’s customs site tariff-free and businesses within the site can store or manufacture goods using imported raw materials.

The port’s customs site will be run by cargo terminal operator, Portico Shipping.

Mike Sellers, Portsmouth International Port’s director said this go-ahead from the tax office was the ‘last piece needed to provide a fully functioning freeport’. “We’re grateful for the expertise of our partners at Portico, who as customs site operator are critical to overseeing the complex arrangements required to make sure all compliances are met,” he said.

“We are fortunate to have a range of experts involved in the Solent Freeport, which highlights why the region is an attractive area for businesses looking for a location that can provide them with the very best skills and opportunities,” he added.

The chair of Solent Freeport, Brian Johnson, said the Solent was an important gateway to Europe and beyond. “Along with Solent Gateway on Southampton Water, the Solent Freeport now has two customs sites offering simplified processes for importing and exporting goods which will attract trade and investment, cementing our position as a global gateway,” he said.