Plymouth freeport will help small businesses, MPs told

“I think one of the big problems with R&D [research and development] and innovation for small businesses especially is access to the information and the connectivity with other areas and other businesses; that they can then progress their projects,” said Ms Ward.

Freeports aim to create economic activity – such as trade, investment and jobs – near shipping ports or airports.

Plymouth is among eight freeports in England., external^[1]

Goods imported into freeports are exempt from taxes, called tariffs, that are normally paid to the UK government.

References

1. ^{^} eight freeports in England., external (www.gov.uk)