Multi-million pound economic boost forecast at Portsmouth International Port
Wednesday October 6th, 2021
A new report published by Portsmouth City Council has revealed that despite challenge conditions, 2021 is set to become the most successful in Portsmouth International Port’s history for cruise operations, with a record number of days alongside, maiden calls, and forecast economic growth for the city.
By the end of the year the port is expected to see over 130 days of ships alongside, in comparison to the last previous high of 65.
With plans to create a terminal extension to accommodate the anticipated increase in cruise passengers due to be completed by spring 2023, an independent assessment from Oxford Economics on the value of cruise growth to the city over a 40 year period from 2021 has been estimated securing £205m for UK GDP per annum.
The terminal transformation development will support an average GDP contribution of £43 million per annum to the Portsmouth City Council area over a 40-year period.
Mike Sellers Portsmouth International Port’s director said: “While this has been a difficult couple of years for the industry, what we have seen is real creativity from cruise lines in how they operate, which has included operating in different ways for the UK market.
“Our ambition has been to consistently grow within the small to medium sized market and this strategy is proving to be successful.
“We are attracting lines new to the UK market that complement the current cruise offer in the south of England.
“Our terminal extension is an essential infrastructure development to support this this upward trend and I’m pleased that work will soon start to take shape.”
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