Cant see it being turned down after this announcement!
The Liverpool City Region is set to become a freeport as part of Chancellor Rishi Sunak's Budget announcement in the House of Commons.
Freeports are special economic zones with different rules to make it easier and cheaper to do business - designated areas where the normal tax and tariff rules of the country do not apply.
Speaking in Parliament on Wednesday, Mr Sunak confirmed that Liverpool's bid had been approved alongside seven others.
It's a move hoped to bring thousands of jobs to the city region along with £800m of investment, and was announced by the Chancellor alongside a long list of new economic measures.
He said the eight UK freeports will have “simpler planning”, “cheaper customs – with favourable tariffs, VAT or duties”, and lower taxes – with “tax breaks to encourage construction, private investment and job creation”.