OPTIMISTIC: Jo Lappin A SENIOR figure in Cumbria s business world has said there is still hope for a positive outcome, after confirmation last week the county had been unsuccessful in its bid for a Freeport. Jo Lappin, chief executive of the Cumbria Local Enterprise Partnership (LEP) said there was a possibility a number of Cumbria s proposals made as part of its recent Freeport bid could still be taken forward, in spite of confirmation last Wednesday that the county had not been selected to host a Freeport. Freeports are areas such as airports or maritime ports designated by the Government to exist under special tax and customs rules.
Jo Lappin
A Cumbrian business leader said despite the county’s Freeport bid failing, there was still hope for a positive outcome.
Jo Lappin, chief executive of the Cumbria Local Enterprise Partnership, said there was a possibility a number of Cumbriaâs proposals made as part of the bid could still be taken forward.
Freeports are areas such as airports or maritime ports designated by the Government to exist under special tax and customs rules.
Companies operating in these areas can defer paying tax until their products are moved elsewhere, or can avoid paying tax entirely if their goods are stored or manufactured on site then exported again.
Hopes continue after Cumbria s bid for Freeport status fails newsandstar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsandstar.co.uk Daily Mail and Mail on Sunday newspapers.
CHANGING WORLD: Managing director of Kingmoor Park Properties Neil McIntyre said that Covid-19 has been accelerating changes in the economy Exciting developments could be on the horizon at a major north Carlisle business park, with several significant new additions to the site potentially on the way. Kingmoor Park Enterprise Zone, on the northern edge of Carlisle is home to nearly 170 businesses, employing a total of a out 2,500 people. But the site could be in line for a number of significant additions in the near future, including one firm which has expressed an interest in investing somewhere in the region of £65m on a completely bespoke manufacturing plant , which would employ up to 70 people directly.
Positive outlook for Carlisle business park newsandstar.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsandstar.co.uk Daily Mail and Mail on Sunday newspapers.