The go-ahead for a freeport in Wales is expected to be confirmed today following an agreement struck between the UK and Welsh governments.
With eight freeports being approved for England and a deal also struck with the Scottish Government, it is understood that the Cardiff Bay administration has secured the financial backing it was seeking for a Welsh freeport, with the potential for more than one, with the Westminster government.
Initially the UK Government had offered the Welsh Government around £8m to support setting up a freeport. Freeports in England have been offered around £25m each, with a similar funding deal secured by Nicola Sturgeon’s government with the UK Government.
