Humber Freeport approves £25m of investment to create hundreds of new jobs
Humber Freeport has signed off a total of almost £25m of investment for projects to stimulate growth and create hundreds of jobs across the region.
The projects include major new facilities that will accelerate the decarbonisation of the Humber, which is critical for the Government to meet its net zero ambitions.
Each Freeport is granted up to £25m of seed capital funding by the Government and the Humber Freeport Board has now approved seven seed capital-funded projects, highlighting the game-changing role it has to play driving significant inward investment.
The projects have all been deemed by the Board to meet the Freeport’s key objectives, which include maximising the opportunities from the net zero transition to create skilled jobs and unlock the region’s economic potential.
They will reinforce the Humber’s status as the pre-eminent energy cluster in north west Europe and make a tangible contribution to levelling up the economy.
The seven projects that have been granted funding are:
- CATCH’s Humber Industrial Decarbonisation Centre (HIDC) in Stallingborough, North East Lincolnshire. The centre will be a regional decarbonisation hub, hosting research, events, conferences and networking to drive further inward investment.
- Humbergate Infrastructure, led by North East Lincolnshire Council, which will provide the necessary infrastructure to develop a brownfield site between the Ports of Immingham and Grimsby.
- Ideal Heating’s UK Technology Centre and wider developments at its headquarters on National Avenue in Hull. The research and development facility will support low carbon technologies, including heat pumps.
- Development of a derelict site in east Hull into an advanced manufacturing plant.
- RE:Group’s development of a facility for the treatment of waste oil on a currently derelict site in Air Street, close to the River Hull.
- South Humber Industrial Investment Programme (SHIIP). Funding has been granted for new industrial units for the ongoing programme by North East Lincolnshire Council to improve infrastructure at the Ports of Immingham and Grimsby.
- Development of a site in Hull for the production of low-cost, zero emission hydrogen.
The seven projects combined will lever in three times as much investment from the private sector and are expected to create hundreds of jobs across the north and south banks of the Humber.
Humber Freeport Chair Simon Bird commented: “This funding will allow these projects to progress, creating and protecting jobs, and helping the region on its journey to a prosperous, net zero economy. However, this is just the start. Humber Freeport is working hard to attract hundreds of millions of pounds of inward investment and create thousands of skilled jobs.”
By Matthew Neville – Senior Correspondent, Bdaily
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