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Ynys Mon Freeport goes live

[ January 24, 2025   //   ]

Ynys Mon (Anglesey) Freeport went live on 22 January, joining the Celtic Freeport of Port Talbot and Milford Haven, which went live in November.

The freeports offer special zones for business with tax and customs benefits, and funding for key infrastructure and skills projects and aim to promote regeneration and creation of high-quality jobs. They also aim to become a national hub for global trade and investment across the economy, and foster an innovative environment.

The Ynys Mon Freeport consists of sites at Prosperity Park and Parc Cybi in Holyhead, M-Sparc near Gaerwen and two brownfield sites on Llangefni Industrial Estate.

The Welsh freeports aim to attract £6.5 billion in investment and create around 17,000 jobs.
First Minister Eluned Morgan said: “This is great news for Ynys Mon, which is especially welcome following the recent storm damage which hit Holyhead. One of the priorities I set out when I became First Minister was to create green jobs and growth. I’m proud that our Welsh freeports will not only attract investment and jobs, they are also committed to promoting fair work and environmental sustainability.

Cabinet Secretary for the Economy, Rebecca Evans, added: “This will make a real difference in terms of supporting sustained growth and the creation of high-quality jobs across North Wales. We are working closely with the UK government to finalise the freeports’ business cases, which will result in up to £25 million seed capital for each freeport as they move fully into delivery.

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