Queensferry One in Rosyth is more than just a prime industrial and logistics development. As part of a designated tax site within the Forth Green Freeport, it offers businesses a range of financial advantages designed to stimulate economic growth and sustainability. But what does it really mean to operate in a designated tax site and how can this benefit companies setting up at Queensferry One?
What is a designated tax site?
A designated tax site is a zone within a freeport – or, in Scotland’s case, a green freeport – where businesses can access special tax reliefs, customs benefits and other incentives to cut costs and drive investment. These tax sites are intended to boost local economies by encouraging regional growth, attracting foreign investment and creating high-quality jobs, all while accelerating the nation’s just transition to net zero.
There are four main designated tax sites within the Forth Green Freeport, each chosen to drive economic activity in strategically important locations:
Queensferry One’s prime location in Rosyth puts it at the heart of the Forth Green Freeport. Officially designated as tax sites in June 2024, these areas provide access to valuable financial incentives that support investment, job creation and sustainable development across the region.
What are the key benefits?
As part of a designated tax site, Queensferry One offers a range of financial incentives for up to 10 years, making it an attractive choice for businesses looking to locate here. These include:
This relief is especially valuable for companies with large infrastructure or warehousing needs, as it frees up funds that can be reinvested in operations, technology or workforce development.
This allows qualifying businesses to write off more of their investments in equipment, machinery and other assets. The recent Autumn Budget 2024 further confirmed the continuation of “full expensing” for qualifying investments, which means businesses can deduct the entire cost of eligible assets in the year they are purchased. Additionally, the £1 million Annual Investment Allowance (AIA) remains in place, providing even more scope for tax relief. These measures are particularly beneficial for sectors like manufacturing, logistics and technology, where staying competitive relies on access to the latest resources.
To encourage job creation within the tax site, the Forth Green Freeport offers relief on Employer National Insurance contributions, reducing payroll costs and making it more affordable for companies to expand their workforce. This relief is now even more valuable following the Autumn Budget’s announcement of an increase in Employer NICs, with the rate rising by 1.2% from April 2025 and the threshold dropping from £9,100 to £5,000 per annum.
Queensferry One’s location in the Forth Green Freeport also means businesses can benefit from streamlined customs processes and tariff reliefs. Import and export-focused companies can take advantage of simplified customs procedures, reducing shipping times, compliance costs and tariffs on eligible goods. These customs benefits are ideal for businesses in trade-intensive sectors, offering a seamless route to international markets without the usual customs delays and complex paperwork.
Why choose Queensferry One?
Queensferry One’s location within a designated tax site isn’t just an added perk; it’s a strategic asset for businesses looking to grow sustainably and cost-effectively. The site’s strong transport links, proximity to the Port of Rosyth and Edinburgh Airport, and access to a skilled workforce make it an ideal setting for companies wanting to thrive in Central Scotland.
For more information, visit queensferryone.co.uk.
