“Create more Freeports and Business Rates Retention zones. Freeports have already generated just under £3 billion in investment, which in turn will create thousands of jobs. We will extend this opportunity to more areas and set out an application round in the next Parliament. We want to replicate the example of Sunderland's Crown Works Studios elsewhere in the country. We will enable councils to retain all business rates growth within a defined zone for 25 years, which they can use to finance the delivery of new infrastructure and invest in supporting burgeoning local industries.”