Shipping: Investment

(asked on 8th September 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to support private investment in the UK maritime industry.


Answered by
Nadhim Zahawi Portrait
Nadhim Zahawi
This question was answered on 16th September 2020

The Department is working to make the UK the best place in the world for all businesses to thrive and grow.

The UK maritime sector has strategic importance for our economy and we encourage private investment into the sector. We have recently supported the £33 million investment in Artemis in Belfast to develop an autonomous water taxi.

The maritime sector is also benefitting from the Government’s Covid-19 support, which includes access to the Coronavirus Job Retention Scheme and the Covid-19 Business Interruption Loans.

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