UK Free Zones Policy Paper
Vivid Economics was commissioned to develop the evidence base for a UK Free Zone policy. The analysis included developing a range of investment and regulatory scenarios for the UK post-2019, proposing a regulatory structure for Free Zones in the country and estimating the economic benefits associated with investment in potential Free Zones. Vivid adapted its Investment Impact Model (IIM) for the UK to model economic impacts across Free Zone scenarios. In developing a model for UK Free Zones, the team engaged stakeholders in the North East, across the public and private sector, and Central Government to deliver a realistic proposal that reflected key stakeholder views. Vivid established an expert working group including key stakeholders from Tees Valley as well as global experts on economic development and trade to provide guidance throughout the project.
Date: July 2019