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Marine industry to benefit from Maritime 2050 and Sector Deal

Published on: 15 November 2018

Maritime 2050

Maritime 2050

Earlier this year the Department for Transport (DfT) launched Maritime 2050, a long-term strategy to meet the challenges ahead and create a sustainable long-term future for UK maritime. The Transport Secretary called it a strategy for “the whole industry”. Unfortunately, when the initial documents were published, the UK’s leisure marine, superyacht and small commercial marine sectors were largely forgotten.

British Marine challenged the Government on this oversight and has been working hard over the past few months, supported by its partners in Maritime UK and DfT officials, to turn the tide and open the Government’s eyes to the growth opportunities for UK boat and yacht builders, the full supply chain that supports them, and boating tourism. And later this year, the Government will publish the emerging proposals from Maritime 2050, which will feature a broad range of measures targeted at supporting and growing these UK marine businesses. More details will be made available shortly.

Maritime Sector Deal

Going hand-in-hand with this long-term maritime strategy is the Government’s Industrial Strategy and an opportunity to create Sector Deals. Maritime UK is leading the response to the Sector Deal call and British Marine has a seat on the steering group for this work. After much to-ing and fro-ing between industry and Government on what support might be available and what commitments from industry are required, this work is now ready to receive feedback from marine businesses.

British Marine needs member feedback on a range of questions, to help add detail to the Sector Deal proposal, set out what commitments UK marine companies are prepared make and highlight the growth value that additional Government support would deliver.

Questions for companies

  1. What do you see as the greatest challenge/opportunity for growth in the marine sector?
  2. What would you like to see in a Sector Deal to unlock growth potential in your business?
  3. What would you like to see government do to address the challenge or capitalise upon the opportunity?
  4. What are you and/or a group of companies willing to do in support of the above?
  5. What could you offer to balance any deal asks of Government?

The Government has focussed the Industrial Strategy on specific areas, to tackle the biggest challenges facing UK industry and businesses. Below is an example of the sort of questions that British Marine and its membership need to answer, to develop specific proposals within each Industrial Strategy area:

Business environment
If Maritime UK can land changes to the business tax regime, what additional investment and growth would your business commit to delivering?

Ideas
What opportunities are there to increase UK market share for marine technology?

Place
What would make a difference to your business locally in terms of developing coastal regions and maritime clusters?

Infrastructure
What infrastructure improvements are required to make a difference to the UK’s productivity and competitiveness?

People
What initiatives are required to boost skills and the number of jobs in the sector, especially high value, high productivity jobs?

British Marine members should send their feedback to Andrew Harries, Head of External Relations at aharries@britishmarine.co.uk by Friday 30 November.