Thames Freeport

Sector and market opportunity

The Thames Freeport was established with an emphasis of supporting the growth of 3 main sectors:

Advanced manufacturing

The opportunities in the light manufacturing sector include assembly, packaging and other value addition associated with importing supply chains. There are also new manufacturing opportunities in sectors like consumer goods, electronics, food and beverage, construction, and automotive.

The food and beverage industry in the UK has domestic sales over £100 billion and exports valued at £20 billion in 2021. The UK’s consumer technology industry current value is of £28.8 billion and this segment represented an 18% of share of the entire UK eCommerce market. In the automotive sector, the Freeport will enable the UK to take a leading role in the development and deployment of autonomous, connected, electric and shared (ACES) vehicles. Automotive-related companies based at the Thames Freeport sites are well-placed to enter this £67 billion market that exports to over 150 countries.

Energy and circular economy

The potential Thames Freeport investment in hydrogen and alternative fuel infrastructure will spur the development of a green logistics cluster with enormous growth potential. London Gateway will be home to the largest on-grid battery storage. There are also opportunities for on-site low emission energy generation at Tilbury including current onsite wind turbines. The Thames Freeport focus on net-zero and renewable energy also presents a great opportunity for investors.

Logistics

Thames Freeport is also focused on delivering safe, efficient and innovative net zero logistics solutions. This includes value added warehousing services and the provision of last mile e-commerce distribution of goods. There are already examples on the river such as DHL river parcel delivery using the river as the means of transport.

The relocation of the central London produce markets will also give opportunities to deliver utilising the green supply chain of the Thames. The use of the Freeport customs procedures can also deliver benefit for cargo owners.

Location

A partnership between Ford, Forth Ports Limited and DP World, Thames Freeport will see £400 million of port investment, over £4.5 billion in new public and private investment, and £2.6 billion additional gross value added (GVA). Together, Thames Freeport customs zones will boost trade through the UK’s Global Gateway. The ports jointly handle 40 million tonnes of cargo annually, with shipping routes to more than 125 overseas ports.

The Port of Tilbury (London) is the largest of 8 ports owned by Forth Ports. Sitting on the north bank of the Thames just 22 nautical miles east of central London, it is perfectly placed to handle cargo for London and the rest of the South-East. With an excess of 1,000 acres, it is home to 56 operational berths, 31 independent working terminals, 10.2km of quay and 5 million square-feet of warehousing. The Tilbury Tax site primarily concerns developable brownfield sites with large river frontage.

DP World-operated London Gateway’s highly productive deep-water berths are built to handle the world’s largest vessels. Its state-of-the-art technology means that it can do this in the safest, most reliable and efficient way. Facilities include 3 berths – with a fourth berth under development - 1.25 km of quayside, substantial modern crane, rail and road infrastructure and adjacent logistic park.

Open in 1959, the Dagenham Ford Engine Plant is a site of 44 acres, with direct river access via dock with Ro-Ro capability.

Connectivity

The Thames Freeport has global connectivity to every continent. There is access to air travel from 4 airports with regional and international connections: London City, Heathrow, Gatwick and London Stanstead Airports.

There is immediate, easy access to 18 million people within 75 miles of the Thames Freeport.

There are also first-class onward road and rail connections and marine services directly into London and the wider UK network.

Local talent and skills

The Thames Freeport already has access to a talent pool of over 70,000 science, technology, engineering and maths (STEM) students, and 21,400+ graduates in Greater London. The area is currently home to 1,462,000 workers engaged in STEM and adjacent careers, and over 250,000 workers in skilled trades occupations.

Moreover, the Thames Freeport and its partners have also a long track record of investing in local skills and will continue to do so to ensure local population have more access to the upcoming opportunities. Among the key initiatives is the establishment of our own multi-million pound skills fund and accelerator to develop and upskill the local workforce.

National government support

As specially designated areas with beneficial economic regulations, Freeports can help you achieve sustained growth, and may be able to save you time and money through:

• Stamp Duty Land Tax relief
• enhanced capital allowances for investment in plant and machinery and structures and buildings
• 5 years of business rates relief
• employer National Insurance contributions relief
• deferrals and exemptions from duty
• supportive local planning environments with constructive public-private partnerships