Industry Announcements

Press Release: Department for Transport launches Maritime 2050

PRESS RELEASE: Launch of Maritime 2050, the first long-term strategy developed in close partnership with industry highlights the government’s recognition of the importance of the maritime sector to Britain’s future success. That importance has only increased in the context of the UK leaving the EU, with 95% of all UK trade being enabled by the sector.

Brexit has raised the profile of the sector, not least owing to national debate on the UK’s future trade relations. Whilst the sector is determined to manage the UK’s departure from the EU as smoothly as possible, it is also focused Beyond Brexit. Industry believes there are significant opportunities to:

  • foster innovation in new technologies like autonomy and clean growth
  • attract more maritime business to the UK
  • drive coastal economic development to create a coastal powerhouse
  • grow a skilled and diverse workforce

Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East, Northern Europe, Gulf and North America.

Today 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 and developing new areas to compliment the offer, like green finance.

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