Inward investment in to freeports: December 2021 to November 2023
Published 24 November 2023
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This publication is available at https://www.gov.uk/government/statistics/inward-investment-in-to-freeports-december-2021-to-november-2023/inward-investment-in-to-freeports-december-2021-to-november-2023
1. Summary of inward investment in to freeports
| Measurement | December 2021 to November 2023 |
|---|---|
| New jobs | 1,421 |
| Capital expenditure | £1,278 million |
Source: Department for Business and Trade.
2. Background and definitions
2.1 Investment projects
Figures reported in this publication are related to foreign direct investment (FDI) projects.
FDI is a cross-border investment made by a non-UK resident entity where the direct investor acquires at least 10% of the voting power or ownership. More detailed definitions are available in the technical annex.
2.2 Jobs
Job figures are estimates made at the start of each investment project. New jobs capture total jobs likely to be created within 3 years from the start of the project.
2.3 Capital expenditure
This relates to the monetary investment to acquire or upgrade physical (fixed) assets, such as buildings or equipment.
2.4 Timing
Data are based on projects landing between December 2021 and November 2023.
2.5 DBT involvement
All investment projects reported in this publication have received support from DBT and/or one of it’s regional and local partners. See the technical annex for further information.
2.6 Freeports
All investment projects have landed in freeport tax or customs sites. For more information go to Freeports in the UK. More detail is also available in the technical annex.