New maritime vision welcomed in Solent
Tuesday June 18th, 2019
A new strategy to drive growth in the UK’s maritime sector post-Brexit has been welcomed by business leaders in the Solent region.
The document sets out the government’s vision and ambitions for the future of the British maritime sector and is published at a time when the UK faces intense competition from maritime nations in the Far East, Northern Europe, Gulf and North America.
The UK is regarded as the world’s leading centre for maritime services – maritime law, finance, insurance, management and brokering. Maritime 2050 is designed to maximise UK strength in this area, retaining and enhancing its competitive advantage.
In the Solent, the maritime sector contributes more than £20 billion to the U.K economy and more than £77.5b worth of exports and imports are moved through the major ports of Southampton and Portsmouth every year.