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The investment will focus on growth sectors such as decarbonisation and green innovation, and will benefit from the Solent's excellent connectivity to European and global markets
The bid for the Solent freeport had been led by the Solent Local Enterprise Partnership (LEP).
The Solent area – which includes Portsmouth – is one of eight locations in the UK where a freeport is set to be implemented in 2021.
Below are articles about the Solent Freeport.