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What Free Ports Actually Do
- Free ports are customs-designated zones that let goods move in and out without being treated as imports for duties.
- In practice post-Brexit they became tax-incentive zones rather than tariff-saving hubs because most tariffs were removed by the trade deal.
Teesside's Toxic Land Turned Green Ambition
- Teesside redevelopment covers thousands of acres of highly contaminated former steel and chemical sites after SSI left in 2015.
- The public Tees Valley Development Corporation aims to remediate the land and attract green industry like turbine manufacturing.
Public Land Shared With Secret JV
- The public development corporation compulsorily purchased land then created a joint venture, TeesWorks Limited, with two local developers who secured options to lease key parcels.
- The deal was negotiated largely in secret, with little public disclosure about what taxpayers received in return.