Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of how much of the trade through each of the proposed new freeports will be (1) existing trade through that port, (2) new trade, and (3) trade diverted from other UK ports.

At Budget, the Chancellor announced the 8 Freeports from 8 regions of England, as selected by the Secretary of State for the Ministry for Housing, Communities & Local Government – this followed the fair, open and transparent assessment process outlined in the Bidding Prospectus.

Freeports will play a significant role in boosting trade, attracting inward investment and driving productive activity across the UK. This will level up communities across the country through increased employment opportunities. This is more important than ever as we begin to recover from the ongoing economic impacts of Covid-19.

Our focus has been on getting places to send us their bids and proposals, rather than second-guessing what they will do. The modelling we have done to support that process remains sensitive at this point and liable to change significantly now the locations have been announced.