Article

Freeport East has secured nearly £0.5 million in investment to drive economic growth in Ipswich, Colchester, and the surrounding areas, following its approval as one of the UK's new Freeports in January 2023. The initiative aims to enhance infrastructure and attract international investors by offering tax breaks and incentives, with significant developments including the Sizewell C nuclear power plant and new facilities by various companies. By 2025, Freeport East anticipates generating £250 million in private sector investments and supporting nearly 2,000 jobs across over 21 hectares of operational or developing employment and innovation space.