May 26, 2022

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Fourth Ports, which owns Laith and five other ports, confirmed that it plans to bid for the “Fourth of Fourth”, which is also expected to include Grange Mouth and Roseth and Edinburgh Airports.

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Responding to an agreement between the UK and Scottish Governments on a specific version of Freeport for Scotland, Stuart Wallace, Chief Operating Officer of Fourth Ports, said: We welcome the announcement of the Green Free Port in Scotland and confirm that we intend to participate in this process.

New outdoor berth in Laith, where renewable energy center will bring new jobs.

The governments made the announcement during Prime Minister Boris Johnson’s visit to Rosith.

FreePort offers tax breaks and lower tariffs for businesses operating within it. In Scotland, Greenfrey Ports will have to show how they can help Scotland reach a net zero by 2045 and the businesses involved will have to incorporate fair work practices into their operations, including 9.90 per Real hourly wages.

Last summer, Fourth Ports outlined plans for a “Freeport,” including the North and South coasts of the Fourth of Fourth and key ports, industrial complexes and logistics centers at Edinburgh Airport.

He highlighted the renewable energy center to be built in Laith, the international connectivity of the airport and the petrochemical cluster at Grange Mouth, and claimed that the Firth of Forth was “an important engine for Scotland’s economic recovery”.

Fourth Ports also owns Port of Tulbury, part of the recently announced Thames Free Port, one of eight approved south of the border.

Mr Wallace said: “The Firth of Forth Green Freeport will trigger the decarbonization of Scotland’s largest industrial cluster, creating 50,000 new, high-quality jobs in renewable energy, manufacturing, sustainable fuels and construction.

“Based on Freeport’s own first-hand experience, we intend to create a passionate set of programs to capitalize on the benefits of this economic policy regeneration. Will create industries with significant export potential and sustainable fuel clusters, as well as major infrastructure upgrades and the development of skills among young adults to ensure Team Scotland’s vision while the UK Transfer decarbonised future. “

Edinburgh Airport confirmed that it still supports the Fourth Ports initiative.

Finance Secretary Kate Forbes said she hoped the two winning bids would be announced in the summer, with both ports operational by the end of 2022.

Lutheran Tory MSP Miles Briggs has previously argued that a free port would bring great economic benefits to Laith.

He said he believed Aberdeen was already likely to be one of Scotland’s two green free ports. “I hope the other one is still very competitive.”

Given its portfolio, Laith should be in a strong position for it and there is a lot going on in the Fourth Story for jobs and growth overall.

“If it goes ahead, it could provide a huge opportunity for Lathe to further open up various trade markets, as well as opportunities for redevelopment and regeneration.”

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Greenfree Ports Scotland: ‘It will be a fair process’, says Kate Forbes …

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