Shipping: Investment

Department for Business, Energy and Industrial Strategy written question – answered on 16th September 2020.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

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.

Photo of Nadhim Zahawi Nadhim Zahawi Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

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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