The Portsmouth Gateway Cluster, part of the government approved 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 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. As a Freeport customs site, the Port can provide tariff-free movement of goods for both import and export, making Portsmouth ready-to-go providing opportunities for businesses looking to position themselves within a Freeport area.
Complemented by its sister site Portico, as the Customs Site Operator (CSO), experts are on hand in the field of customs, freight forwarding and logistics. Portico handles international trade and is responsible for managing 50% of the UK’s bananas, alongside project cargo, break bulk, aggregates and agri bulk.
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.