Forth Green Freeport Benefits Extended

Good news is on the horizon for businesses looking to locate within the Forth Green Freeport, as tax relief initiatives have been extended until 2034. This extension, facilitated by an agreement between UK and Scottish ministers, provides a further five years of fiscal support for eligible businesses operating within the Forth Green Freeport.

As a designated tax site within the Forth Green Freeport, our flagship project, Queensferry One in Rosyth stands at the forefront of this initiative, offering eligible businesses access to the following:

• Non-Domestic Rates Relief: Alleviating the financial burden of business rates.
• Enhanced Capital Allowances: Providing enhanced deductions for qualifying capital expenditures.
• Employer National Insurance Contributions: Offering relief on employer contributions, easing the cost of employment.
• Enhanced Structures and Buildings Allowance: Accelerating tax relief on qualifying capital expenditure for new non-residential structures and buildings.
• Land and Building Transaction Tax Relief: Reducing the tax burden on property transactions.

The anticipated commencement of the Forth Green Freeport and its associated benefits is slated for late spring 2024, pending approval of the Outline Business Case.

For a deeper understanding of the benefits of Green Freeport Status, download our information sheet here.

To learn more about Queensferry One, including an indicative appraisal of the potential cost savings arising from its Green Freeport status, please visit our project website or get in touch with one of the team.