| answer text |
<p>Freeports offer significant advantages to SMEs, including reduced taxes, simplified
customs, improved infrastructure, and most notably, the fostering of business clustering
environments. Plymouth and South Devon Freeport is focussed on developing incubator
units at the new innovation centre which will provide an ideal environment to encourage
SMEs. With Freeports now operational, they will continue engagement with SME bodies,
ensuring they are well-informed and supported to capitalise fully on these collaborative
environments and other advantages Freeports offer.</p><p>On 20 November we were delighted
to announce that Plymouth City Council were provisionally allocated £19,946,417 in
Round 3 of the Levelling Up Fund which we hope will accelerate Plymouth's waterfront
regeneration.</p><p> </p>
|
 |
