In a recent announcement, UK Chancellor of the Exchequer Rachel Reeves highlighted the importance of the East Midlands Freeport development, emphasizing its role in driving economic growth and job creation. She stated: “Economic growth is the number one mission of our Plan for Change. This investment will create thousands of new jobs, strengthen the UK’s position in advanced manufacturing and logistics, and boost the economy.”
East Midlands Airport (EMA) is advancing its Freeport plans with a new industrial logistics and manufacturing park, unlocking $1.3bn (£1bn) of investment. Located south of EMA, the site will offer tax and customs reliefs, attracting investment and fostering growth in life sciences and advanced manufacturing. EMA is seen to be the UK’s most important airport for express air cargo which enables seamless trade between UK businesses and the rest of the world, helping to support the regional and national economy.
A planning application has been submitted, with potential for 2,000 new jobs, £132m annual economic growth, and £9m in business rates. EMA’s strategic location and strong transport links make it the UK’s top express freight airport. Air cargo volumes are projected to grow by 54% by 2043.
EMA’s cargo operations have already attracted businesses in aeronautical, automotive, retail, pharmaceutical, and logistics sectors. This new development will further cement its role in global trade and innovation.
Sustainability is central, with adherence to the UK Green Building Council’s net-zero carbon framework. During construction, carbon emissions will be measured and reduced, and operational buildings will meet EPC A+ energy efficiency standards.
Steve Griffiths, Managing Director of EMA, emphasized the significance of this step, stating: “This is an exciting step forward for growth in and around the airport. Our unrivaled cargo operation continues to act as a catalyst for investment, and we look forward to building on its success.”
Tom Newman-Taylor, CEO of East Midlands Freeport, echoed this sentiment, highlighting the transformative impact of the Freeport’s tax sites: “This is a positive first step in realizing the full potential of the Freeport, creating thousands of jobs and unlocking billions in investment.”
Paul Weston, Regional Head, Prologis UK said: “Our partnership with MAG aims to realise the full potential of this strategic hub for international logistics.
“Our shared vision is to leverage the Freeport status and central location of EMA to create a high-impact gateway that drives economic growth, innovation and employment opportunities across the Midlands. By bringing our expertise in logistics developments to the table, we are confident that our partnership will unlock significant benefits for both the local community and the broader UK economy.”
This development underscores EMA’s critical role in driving economic growth and innovation, positioning it as a key hub for logistics and advanced manufacturing in the UK.
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