Will the Cabinet Secretary provide an update on the Celtic Freeport?
Answered by Cabinet Secretary for Economy, Energy and Planning
| Answered on 12/11/2025
The Celtic Freeport’s Final Business Case was formally approved by the UK Government and Welsh Government in June 2025. Work is also progressing on the critical multi-party Memorandum of Understanding (MoU) for the Freeport.
Once the MoU is approved, the Freeport will have access to seed capital funding of up to £25m for critical infrastructure and skills projects. The Freeport is also considering options for a third tax site.