Freeports: Finance

Department for Levelling Up, Housing and Communities written question – answered am ar 10 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Alyn Smith Alyn Smith Shadow SNP Spokesperson (Europe), Shadow SNP Spokesperson (EU Accession)

To ask the Secretary of State for Levelling Up, Housing and Communities, what discussions he has had with Cabinet colleagues on the adequacy of funding arrangements for Freeports.

Photo of Alyn Smith Alyn Smith Shadow SNP Spokesperson (Europe), Shadow SNP Spokesperson (EU Accession)

To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the return of investment from Freeports for (a) the UK economy, (b) the Scottish economy and (c) shareholders and private investors.

Photo of Alyn Smith Alyn Smith Shadow SNP Spokesperson (Europe), Shadow SNP Spokesperson (EU Accession)

To ask the Secretary of State for Levelling Up, Housing and Communities, whether he has made an estimate of the of the proportion of projected profits earned by Freeports to be received by (a) offshore investors, (b) UK companies and (c) Scottish companies.

Photo of Jacob Young Jacob Young Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

The Government has evaluated the public benefit and value for money each Freeport will deliver through the competitive process for selecting Freeport locations and subsequently through a robust business case process. Once approved, these business cases, including details of the benefits the Freeport will deliver, are published online. To ensure Freeports are delivering these returns to the UK and Scottish economies, the Government is also monitoring and evaluating their delivery; our approach is

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.