Humber Freeport tax sites are designed to make investing in the region more attractive, more affordable and lower risk. Businesses located within a designated tax site can benefit from a package of time limited tax reliefs that reduce the upfront cost of development, support job creation and improve long term viability.

 

These incentives are aimed at helping businesses accelerate growth, bring forward investment decisions and scale with confidence. Whether you are expanding an existing operation or delivering a new project, tax site benefits can play a meaningful role in shaping the commercial case.

The tax site incentives are best split into five key areas:

100% business rates relief, for five years, for eligible new businesses within a Freeport tax site, and certain existing businesses when they expand.

100% relief on qualifying plant or machinery for use within the tax site. You can claim the relief if the plant or machinery is new, part of your trading activity, and for use primary in the tax site.

Zero rate of Secondary Class 1 National Insurance Contribution if you have a business premises in a tax site. Relief for employers with a business premises within a tax site can be applied at a zero rate on the earnings of all new hires up to £25,000 per year.

Full relief on land or buildings in a Freeport tax site. You can claim full relief from Stamp Duty Land Tax on the total purchase price if at least 90 per cent of the purchase price is for qualifying land or buildings.

10% relief on constructing, or renovating, buildings in a tax site. Businesses constructing or renovating buildings, for non-residential use, within a tax site can receive a higher relief rate of 10 per cent, compared to the existing national rate of three per cent.