Matthew Cotton, David Tyfield, Nicholas Gray, Andy Yuille
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The politics of freeports – a place-based analysis of regional economic regeneration in the United Kingdom
Freeports are special economic zones, providing tax and customs benefits aimed at reducing economic friction and encouraging regional development. This place-based policy analysis of UK freeports draws upon qualitative interviews and deliberative workshops with leading industry, government, and civil society stakeholders in the two largest Freeport regions – Teesside and Liverpool. We find first, that purported tax, customs, and planning benefits are deemed less economically important than the agglomeration of innovation industries within a defined geographic boundary. Second, that stronger action on environmental and economic (in)justice is needed – Freeports could be a just transition mechanism if they can avoid capture by a ‘closed shop’ of industry players. Third, Freeports could facilitate cross-sectoral low-carbon economic regeneration, though they are subject to cycles of expectation, hype, and disappointment. We conclude that national policymakers must acknowledge the competing geographic and governance scales emerging within Freeport-hosting communities, as distributive environmental injustices between different locations remain broadly unaddressed. Finally, though cognisant of changes in political leadership on the horizon, we conclude that Freeports will increase the geographic spread of environmental injustice if this model of low-tax and low-regulation economics becomes a political norm within UK regional economic redevelopment strategy.
期刊介绍:
Local Economy is a peer-reviewed journal operating as an interdisciplinary forum for the critical review of policy developments in the broad area of local economic development and urban regeneration. It seeks not only to publish analysis and critique but also to disseminate innovative practice. One particular concern is with grassroots community economic development strategies and the work of voluntary organisations, considered within the context of wider social, political and economic change.