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Welsh Secretary says why a freeport in Wales would get less funding than those in England

Welsh Government has asked the º£½ÇÊÓÆµ Government to match the £25m offer for English freeports

Ferries berthed at the Port of Holyhead(Image: Reach plc)

Welsh Secretary Simon Hart has set out why a freeport in Wales would get less funding than those in England as he bids to push forward the proposal he says will bring 15,000 jobs.

º£½ÇÊÓÆµ and Welsh governments have clashed over freeports in Wales with the government in Wales saying they are being offered £8m seed funding - compared to £25m for ports in England.

It comes as Stena Line voiced fears that a port like Holyhead could lose out to Liverpool as a freeport moves ahead in that city.

Mr Hart said he was still "optimistic" about securing a freeport in Wales that he believed could bring 15,000 jobs - with places like Holyhead and Milford Haven in the running.

Freeports offer breaks on duties and tariffs as well as business rate and planning benefits.

But critics say freeports could just lead to ‘economic displacements’ by simply relocating jobs.

The Welsh Secretary was asked to explain the difference in the funding offer to freeports in Wales and England.

The Secretary of State for Wales, Simon Hart(Image: Rob Browne /WalesOnline)

He said: "Part of the reason for that difference in figure is down to the fact that a freeport in Wales will produce numerous advantages to Welsh Government by way of tax receipts and inward investment, income tax arising out of jobs creation, etc, etc.