Humber Freeport has marked its first anniversary, showcasing significant achievements in investment and innovation.
Over the past year, the freeport has attracted major global businesses, creating jobs and driving economic growth in the region.
Significant Investments and Job Creation
In its first year, Humber Freeport secured over £1bn in new investments. These commitments are set to generate more than 700 skilled jobs in sectors like advanced manufacturing, technology, ports, and green energy.
Key Projects and Developments
Meld Energy is also progressing with plans for a green hydrogen plant at Saltend. Additionally, Standard Gas Technologies and OXCCU have announced projects for clean gas and sustainable aviation fuel production, respectively.
Advancing Decarbonisation Efforts
The Freeport Innovation Liaison Group, with stakeholders from industry and academia, is working to shape innovation policy and secure funding for green energy initiatives.
Economic Growth and Supply Chain Impact
This multiplier effect is expected to have long-term economic benefits, solidifying the region’s industrial strategy.
Strengthening Advanced Manufacturing and Logistics
The freeport offers significant incentives, making it an attractive destination for international investments in these sectors.
Metsä Tissue’s Landmark Development
Wykeland Group has played a crucial role in facilitating this investment, highlighting Goole’s strategic advantages.
Supporting Innovation and Skills Development
Ideal Heating’s new UK Technology Centre in Hull is also receiving funding to develop low carbon heating solutions.
Looking Ahead
The upcoming Humber Freeport Decarbonisation Masterplan is expected to outline future initiatives and strategies.
Humber Freeport has made remarkable strides in its first year, driving investment, job creation, and innovation.
With continued focus on decarbonisation and economic growth, the freeport is set to play a key role in the region’s future.