Major industrial and manufacturing park planned for Freeport site
Developer HBD, part of Henry Boot, and St Johns College Cambridge have submitted outline planning for a new industrial and manufacturing park at Goole Freeport South.
The proposed development could create more than 5.5 million sq ft of space next to Junction 36 of the M62 and with nearby access to Goole Docks. A planning decision is due in late September 2024.
Spanning 300-acres, the site forms part of the approved Goole Freeport Tax Site, which has already been officially designated following review and approval by the Treasury and HM Revenue & Customs (HMRC).
Companies situated within the tax site are set to benefit from a range of financial advantages, including business rate and stamp duty land tax relief and national insurance support designed to reduce employment costs.
Suzie Wood, investment property manager at St Johns College, said: “The college is pleased to be working with HBD on the delivery of this important industrial and logistics opportunity.
“As a strategic landowner we are committed to bringing forward this significant and exciting employment site.
“Having secured Freeport designation and submitted an outline planning application, we will be looking over the coming months at a programme for delivering the corresponding infrastructure in order to respond to occupier requirements.”
Vivienne Clements, executive director at HBD, said: “There are few sites across the UK with 300-acres of prime development land, freeport status, motorway and port access and a strong local skills base.
“It has huge potential to deliver an employment scheme that will attract significant inward investment and create hundreds of new jobs. We look forward to working alongside St John’s College to bring the development forward.”
Richard Sullivan, national head of industrial & logistics at Savills, added: “The fact that the site has already been designated Freeport status is a hugely positive step when it comes to securing planning consent.
“Furthermore, given its significant size and scale, there is the potential to deliver buildings up to one million sq ft in a prominent location immediately off Junction 36 of the M62.
“The scheme will also offer flexibility to accommodate a wide range of industrial and logistics related requirements, which, coupled with a range of Freeport benefits and incentives, makes this a very attractive and largely unique offer in the East Yorkshire region.”
