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Site details:

The Portsmouth Gateway Cluster, part of Solent Freeport, comprises of a customs zone at Portsmouth International Port and Portico and 43 hectares of un-developed land with full tax incentives at Dunsbury Industrial Park. These sites are owned by Portsmouth City Council.

Portsmouth International Port is considered the UK’s best connected and second busiest ferry port, with a dedicated motorway junction, close to the main shipping channels and deep-water access.  Complemented by its sister site Portico, which handles international trade and is responsible for managing 50% of the UK’s bananas, Portsmouth’s location has seen a rise in the variety of goods being traded including project cargo, break bulk, aggregates and agri bulk.

Portsmouth International Port has submitted draft operating procedures to HMRC that will progress towards a full application for a customs zone.

Dunsbury Park is a live tax site and an award-winning business park next to the A3(M) on the London/Solent corridor.  Tax incentives include 100% business rate relief for 5 years, enhanced capital allowances, leasehold stamp duty tax reliefs and 3 years employers NI relief.

Dunsbury Park is a £140m+ project which  also has planning permission for 665,000 sq. ft for manufacturing industrial, distribution and office space. Set in natural parkland, Dunsbury is already home to the global headquarters of outdoor lifestyle clothing brand Fat Face, BioPure international manufacturer of biopharmaceuticals, logistics giant DPD and Volkswagen specialists Breeze Motor Group.

The Solent Freeport is expected over 25 years to create around 32,000 jobs and generate £3.6BN of GVA. Freeports aim to transform how investment is made, jobs are created, and trade can be increased at major ports of entry. The Solent Freeport proposal was given the go-ahead to be developed in the March 2021 budget. The legislation for Freeports is still working its way through government but is expected to clear in 2022.

Fact file

Total Area

Dunsbury Park - 43 hectares of un-developed land

Potential

Dunsbury Park - planning permission for 665,000 sq. ft
Portsmouth International Port - expected to generate £739M to the national economy by 2033

Landowner

Portsmouth City Council

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