Southampton freeport
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FOUR MAJOR companies have made a joint application to the Government to establish a freeport at Southampton which will provide exemptions from import and export tax.
Associated British Ports, owner of the port of Southampton, Trafalgar House, Ocean Cory and merchant bank Kleinwort Benson have brought out a booklet entitled Freeport at Southampton, which says that many companies are interested in using freeport facilities. Shipping lines have confirmed their support.
A 3 1-acre site, with 475,000sqft of ready-made warehousing, is available for conversion into manufacturing, processing and warehousing facilities. Specialised factory units could also be built.
A spokesman for ABP, giving CM an example of the type of company it hopes to interest in the freeport, said that a car manufacturer wanting to import parts for cars and assemble them in England and then export the product would not have to pay any import or export tax.
He pointed out that jobs would be created in the area and that Southampton City Council and Hampshire County Council were both in favour of the scheme. The booklet is available free of charge from the Commercial Department, ABP, Melbury House, Melbury Terrace, London, NW1 6JY.