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Tax reliefs at Inverness and Cromarty Firth Green Freeport extended by five years

By Federica Stefani

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Port of Cromarty Firth. Picture: Port of Cromarty Firth
Port of Cromarty Firth. Picture: Port of Cromarty Firth

The Scottish Government has announced that tax reliefs at the Inverness and Cromarty Firth Green Freeport will be extended to 2034.

The extension, by five years comes after Scottish Ministers backed proposals first set out in the UK Government’s Autumn Statement.

It will also apply to the Forth Green Freeport and prospective Investment Zones in Glasgow City Region and the North East of Scotland.

This comes as the Convention of the Highlands and Islands is set to meet in Elgin today – with Green Freeports and the National Islands Plan set to top the agenda.

Ahead of the convention, Deputy First Minister Shona Robison said: “I am pleased that Scottish and UK Ministers have reached agreement on extending the tax reliefs window for Green Freeports, from 2029 to 2034.

“We strongly support firm joint action to ensure that the Green Freeports and prospective Investment Zones - and the landowners and businesses operating within them - all live up to a clear set of policy commitments, particularly in relation to our just transition to net zero and fair work principles.

“We continue to work constructively with the UK Government and the Inverness and Cromarty Firth Green Freeport consortium to get the project up and running as quickly as possible and ensure it has maximum positive impact for businesses, communities and Scotland’s wider economy.”

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