Freeports and SEZ Special Economic Zones and Energy
Freeports and SEZ Special Economic Zones and Energy
SEZ – Glasgow and South West
Glasgow and South west – Special Economic Zone.
A huge area spanning eight councils, stretching eastward halfway to Edinburgh, where it connects with the Forth Freeport zone.
The Uk government is “investing” in this zone, and reducing the overall finance to Scotland by the same amount, which means no extra money, but councils expected to contribute with reduced budgets.
Special Economic Zones- advantages
Are strategically established to boost economic development through innovative regulations, enticing tax perks, and robust support systems that enhance international commerce. Similar to the rules in freeports.
But what benefit to the local economy? What safeguards? What accountability?
Will they deliver on their promises of economic regeneration, particularly in post Brexit Britain?
Previous experience with big projects like this suggest not. They can benefit thee people if correctly controlled and organised. However, people’s trust in government is low, and the people must hold our elected representatives to account.
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