Forth Green Freeport opens for business with tax sites designated
Forth Green Freeport (FGF) officially opened for business on June 12 following approval from the Scottish and UK Governments of its outline business case. Three tax sites located in Grangemouth, Rosyth and Mid-Forth (Leith and Burntisland) have been designated.
FGF is intended to incentivise further investment into Scotland, the key target sectors being offshore wind energy, hydrogen, sustainable fuels, modular manufacturing and logistics. According to projections by the Forth Valley Chamber of Commerce, there is the potential to attract GBP7 billion (USD8.9 billion) of private and public investment over the next decade, delivering gross value added (GVA) of GBP8.4 billion. “Through innovations in offshore wind manufacturing, assembly and commissioning, alongside innovative shipbuilding, modular assembly and hydrogen manufacture, the country’s net zero targets can be boosted by FGF,” said Dame Susan Rice DBE, chair of FGF.
Danish wind turbine manufacturer Vestas[1] has already filed a ‘proposal of application notice’ with Edinburgh City Council for a blade factory at the Port of Leith.
The factory will reportedly be used to produce blades for the V236 15 MW offshore turbine.
HLPFI reported in 2022 how the consortium behind the bid for FGF plans to develop Rosyth port and waterfront areas within Fife into a large-scale renewable energy hub.[2]
References
- ^ Vestas (www.heavyliftpfi.com)
- ^ HLPFI reported in 2022 how the consortium behind the bid for FGF plans to develop Rosyth port and waterfront areas within Fife into a large-scale renewable energy hub. (www.heavyliftpfi.com)