Scottish Freeport submits initial business case

The aim is to create large-scale economic regeneration through up to 38,350 highly-skilled jobs and the transition to net zero.

Delivered by a public/private consortium, the freeport will drive up to £7 billion of investment over the next decade, delivering gross value added of £8.4 billion.

“The Forth Green Freeport is a true partnership of private and public sector organisations who share the same vision for the Forth,” said Dame Susan Rice, chair of Forth Green Freeport.

“The delivery of significant investment through the Forth Green Freeport is a key element in reducing emissions across the country through innovations in offshore wind manufacturing, assembly and commissioning, alongside innovative shipbuilding, modular assembly and hydrogen manufacture.”

The OBC focuses on three tax sites and a number of potential customs sites, which span 552 hectares in Grangemouth, Leith, Rosyth, Burntisland and Edinburgh Airport.

The Forth Green Freeport aims to drive growth in these regions through the manufacture of offshore wind components, including floating offshore wind, transition to alternative fuels, shipbuilding and modular manufacturing and assembly.

The OBC document was submitted to the Scottish and UK governments on 24 November. Following approval, the consortium will then develop the final business case for submission in spring 2024.