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<p>The Government has evaluated the public benefit and value for money each Freeport
will deliver through the competitive process for selecting Freeport locations and
subsequently through a robust business case process. Once approved, these business
cases, including details of the benefits the Freeport will deliver, are published
online. To ensure Freeports are delivering these returns to the UK and Scottish economies,
the Government is also monitoring and evaluating their delivery; our approach is <a
href="https://gbr01.safelinks.protection.outlook.com/?url=https://www.gov.uk/government/publications/freeports-monitoring-and-evaluation-strategy/freeports-programme-monitoring-and-evaluation-strategy&data=05|02|Parliamentary@levellingup.gov.uk|c90d8687d014483f511008dc6f53d125|bf3468109c7d43dea87224a2ef3995a8|0|0|638507652987379116|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0=|0|||&sdata=LIpK6YNtJPVVzXahMaj/x/hi/J2rIgeBeJkeLjlPf7I=&reserved=0"
target="_blank">published here</a>.</p><p>This allows us to identify the impacts Freeports
are already having: for example, we announced in November 2023 that Freeports have
already generated £2.9 billion in investment in under two years, which will in turn
create 6,000 jobs. It also enables us to monitor the suitability of the Freeports
package and identify opportunities to enhance and double down on it. For example,
we have recently extended the tax reliefs in Freeports from five to ten years and
launched a £150 million flexible Investment Opportunity Fund to secure specific business
investment opportunities.</p>
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