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Sunday, April 21, 2024

Working to Deliver Green Freeport

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Tax reliefs at the Inverness and Cromarty Firth Green Freeport will be extended to 2034.

The extension, by five years, also applies to the Forth Green Freeport and prospective Investment Zones in Glasgow City Region and the North East of Scotland after Scottish Ministers backed proposals first set out in the UK Government’s Autumn Statement.

Green Freeports and the National Islands Plan will top the agenda when The Convention of the Highlands and Islands meets in Elgin today.

Ahead of the Convention, Deputy First Minister Shona Robison said:

“I am pleased that Scottish and UK Ministers have reached agreement on extending the tax reliefs window for Green Freeports, from 2029 to 2034.

“We strongly support firm joint action to ensure that the Green Freeports and prospective Investment Zones – and the landowners and businesses operating within them – all live up to a clear set of policy commitments, particularly in relation to our just transition to net zero and fair work principles.

“We continue to work constructively with the UK Government and the Inverness and Cromarty Firth Green Freeport consortium to get the project up and running as quickly as possible and ensure it has maximum positive impact for businesses, communities and Scotland’s wider economy.”

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