Question to the Ministry of Housing, Communities and Local Government:
To ask Her Majesty's Government what plans they have to review the award of freeport status to DP World owned assets in (1) London, and (2) Southampton.
On 28 March 2022 DP World resigned from the Solent Freeport Board and are no longer a partner in the Freeport consortium.
The Government is working to urgently understand the facts of what happened in this case and establish whether DP World are in breach of any of the requirements on them as investors in the Thames Freeport.
Freeports are expected to receive around £25 million seed capital, paid to a local authority and to be invested at sites within the Freeport geography. Release of funding is subject to approval of a Full Business Case and currently no Full Business Cases have been approved.