Humber Freeport celebrates year of impact, investment and innovation

By Mary Green | Published August 5, 2024

 

 Humber Freeport celebrates year of impact, investment and innovation

Press release

August 5, 2024

More than £1bn of new investment has been pledged as Humber Freeport built strong foundations for long-term growth in its first year.

Twelve months on from the launch of Humber Freeport, collaboration between industry, academia and the public sector has helped the region align on its unique proposition.

Major investments from global businesses have been committed to the Humber Freeport tax sites in Hull and Goole. These are expected to create more than 700 skilled jobs, in sectors ranging from advanced manufacturing and technology to ports and green energy.

Humber Freeport has positioned itself at the heart of the region’s industrial strategy, shaping skills development and innovation and helping to drive a place narrative capitalising on the Humber’s world-class expertise in decarbonisation and clean energy.

A year ago, Humber Freeport Chair Simon Bird welcomed delegates to Associated British Ports’ historic Pump House in Hull for the Freeport launch, when he set out the vital role of freeport status as a catalyst for growth.

Speaking 12 months later, Mr Bird said: “When freeports were established, the Humber was identified as the region with the most powerful proposition, and which could benefit significantly from freeport designation.

“Fast forward to today and we are seeing that potential being realised. The investments secured in our tax sites will be transformational for the Humber, both in terms of direct employment and through growth in the broader supply chain.

“It’s important we build on this impressive momentum. We’ve got off to a very strong start – now we must seize the opportunity to supercharge our region’s economy.”

Connecting many of the key investments pledged so far is the drive to decarbonise the Humber’s energy-intensive industrial cluster.

As the pre-eminent energy cluster in North West Europe, the Humber is on an ambitious path to net zero. Humber Freeport has aligned itself closely to decarbonisation and the evolution of low carbon, green technologies, including the fast-growing North Sea offshore wind industry.

Looking ahead, Humber Freeport will continue to work with the Government to help deliver on its green agenda, driving clean and sustainable growth.

Humber Freeport is also building on the region’s existing strengths in advanced manufacturing, logistics, chemicals and port-related industries.

Much of the early investment in Humber Freeport sites has been made within the Hull East tax site.

Those investments include Equinor selecting Saltend Chemicals Park for a low carbon hydrogen production plant and Pensana for a rare earth processing facility. Meld Energy for green hydrogen plant, also at Saltend, is also moving forward.

Other key projects have also been announced at the chemicals park – a clean gas plant by Standard Gas Technologies and plans by OXCCU for a demonstration plant to convert carbon dioxide and green hydrogen into sustainable aviation fuel.

Within the wider Hull East tax site, plans have also been approved for the £200m Yorkshire Energy Park, a technology campus which could support more than 4,000 jobs.

Patrick Pogue, Group Director, Growth and Innovation at px Group, owner and operator of Saltend Chemicals Park, said: “We’re seeing significant investment at Saltend by companies focused on green energy and low carbon technology.

“The incentives created by freeport status offer a very important additional attraction and give the Humber a major advantage in the international competition for major inward investments.

“Humber Freeport is a powerful weapon in the region’s armoury and acts as a catalyst for growth and skilled job creation.”

Elsewhere, Finish manufacturer Metsä Tissue has selected part of Humber Freeport’s Goole tax site to develop the UK’s largest paper tissue mill. The development will create more than 400 jobs directly, with thousands of indirect jobs in the supply chain and local economy.

Developer Wykeland Group holds the long-term development rights to the land and has worked closely with Metsä Tissue to enable the landmark development.

Wykeland has exchanged on a deal to sell the 211-acre site to Metsä Tissue, subject to planning approval, to pave the way for construction of the manufacturing facility.

Wykeland Managing Director Dominic Gibbons said: “Goole has become one of Yorkshire’s leading investment hotspots, as underlined by the Metsä Tissue investment and other large-scale developments such as the Siemens Mobility rail village.

“Freeport status has added a significant new positive factor, in addition to Goole’s other advantages, including its excellent location enabling businesses to reach markets easily by road, rail or sea.

“Attracting major investment, such as that by Metsä Tissue, will also benefit the wider area well into the future, as freeport status enables the retention within the region of very significant business rates to support long-term economic development.”

On the south side of the Goole tax site, plans have been submitted by Henry Boot Developments and landowner St John’s College Cambridge for a 300-acre industrial manufacturing and logistics park.

Humber Freeport has three core workstreams – innovation, decarbonisation and skills.

A Freeport Innovation Liaison Group has been established to support collaboration between stakeholders and industry, alongside the University of Hull and University of Lincoln. The group works to shape innovation policy and enable access to funding streams, with a focus on green energy, decarbonisation, ports and logistics, agrifood and medical technology.

Running alongside this is the Freeport’s decarbonisation sub-group, which is developing a Humber Freeport Decarbonisation Masterplan, due to be published this year.

When it comes to skills development, Humber Freeport’s £25m seed capital fund is supporting a number of key projects in the region.

These include training provider CATCH, which is developing a Humber Industrial Decarbonisation Centre as part of its mission to increase its apprentice intake to 1,000 a year by 2029.

Ideal Heating’s new UK Technology Centre, under development in Hull, is also receiving funding, as the manufacturer broadens its skills and capabilities in low carbon heating solutions.

Humber Freeport has also taken its message far and wide over the past 12 months, including being represented at Innovation Zero, the UK’s largest decarbonisation event, and UKREiiF, the country’s premier investment, property and infrastructure conference.

ENDS

 

For further information, please contact Phil Winter of Meehan Media & Comms (on behalf of Humber Freeport).

Tel  01482 223479 or 07949 518557; email phil@meehanmedia.co.uk

Notes to Editors

Freeports

  • Freeports are special areas within the UK’s borders where different economic regulations apply. By delivering investment on specific sites benefitting from tax and customs incentives, Freeports will create thousands of high-quality jobs in some of the country’s most disadvantaged communities.
  • Freeport locations have been carefully selected for their suitability for development by local authorities and key private sector partners. They sit within an outer boundary, which represents the geographical region, within which the benefits of Freeports are targeted, and does not in itself confer any special tax, customs or other status.
  • Freeport sites benefit from a comprehensive package of measures, comprising tax reliefs, customs, business rates retention, planning, regeneration, innovation and trade and investment support.
  • The Freeport model has three key objectives – to establish national hubs for global trade and investment; create hotbeds for innovation; and promote regeneration.

Humber Freeport

  • The Humber plays a vital role as a strategic asset for UK Plc as Britain’s global gateway. It is home to the UK’s busiest ports complex, including the major ports of Hull, Goole, Immingham and Grimsby, together handling 17% of the nation’s trade.
  • Humber Freeport will build on these strengths by stimulating investment and job creation, including through key projects to deliver a net zero future.
  • In November 2020 the Government launched a competitive bidding process for Freeports in England. A bidding coalition was brought together in the Humber region by Associated British Ports (ABP), working with local authorities, Local Enterprise Partnerships, universities and other local stakeholders, as well as businesses, developers and end users of port facilities.
  • The Humber bid, submitted in February 2021, was for a Freeport with a total area of 994 sq km, including land that falls within the local authority areas of the East Riding of Yorkshire, Hull, North Lincolnshire and North East Lincolnshire.
  • In March 2023 the Government confirmed Humber Freeport’s Final Business Case had been given conditional approval. This announcement paved the way for the full establishment of the freeport company.
  • Humber Freeport was officially launched in July 2023, with a mission to drive hundreds of millions of pounds of investment and create thousands of new jobs.
  • In its first year Humber Freeport helped to secure more than £1bn of new investment and built strong foundations for long-term growth.