As a supporter of the UK’s maritime industries, and ahead of the scheduled Spending Review, I am writing to support Maritime UK’s Spending Review bid, and to urge you to include this in your upcoming plans.
Maritime UK’s bid is centered on plans to replicate the success of the UK’s automotive industry in driving its decarbonisation journey. It therefore proposes to replicate in the maritime sector the Office for Zero Emission Vehicles and demonstration competitions, through a government and industry partnership worth £1 billion to accelerate the UK’s maritime decarbonisation programme and tackle climate change. The bid will:
- Directly create 15,200 jobs and a further 58,400 jobs throughout the supply chain (73,600 total), according to the Centre for Economics and Business Research.
- Create jobs in all four nations of the United Kingdom, particularly in coastal communities with a tradition of maritime economic activity, including shipbuilding.
- Relaunch our marine industries by placing the UK at the forefront of the UK design and development of zero emission vessels.
- Set the UK on a course to meet its legal net-zero maritime obligations.
- Position the UK as the world-leader in maritime decarbonisation and help transform the UK into a scientific superpower, by taking advantage of the fast-growing market for clean maritime technologies and fuels.
The bid is designed to build upon the Clean Maritime Demonstration Competition, which demonstrated the capability and appetite of UK industry to invest, to accelerate the sector’s decarbonisation. The competition was oversubscribed, receiving bids for 225% of the available budget for an initial total proposed investment of £70 million. We now need to scale this up in order to drive economic development in coastal communities. Investment in infrastructure will strengthen local economic recovery, building back greener.
Since last year’s Spending Review, other countries have moved further ahead in the zero-emission maritime race. The UK has the skills and manufacturing potential to become a global leader, but we need to act fast to secure maximum jobs and economic growth potential.
I urge you to support Maritime UK’s Spending Review bid, and I look forward to hearing from you.
Paul Wickes MBE
Director of the Maritime Industries of the United Kingdom
Chair Maritime UK Regional Cluster Council
CEO Cornwall Marine Network