Shipping: Investment

Department for Transport written question – answered on 18th September 2020.

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Photo of Baroness Scott of Needham Market Baroness Scott of Needham Market Liberal Democrat

To ask Her Majesty's Government what steps they are taking to support private investment in the UK maritime industry.

Photo of Baroness Vere of Norbiton Baroness Vere of Norbiton Parliamentary Under-Secretary (Department for Transport)

The maritime sector plays a key role in the UK economy, responsible for up to 95% of our imports and exports. As much of the UK maritime sector is privately owned, our world-leading companies are well placed to seek investment opportunities through commercial means.

Nevertheless, my Department, along with our colleagues across government, work closely with all parts of the UK maritime sector to identify the support they need to support their success and growth. In particular, the Department for International Trade works closely with the industry to promote the UK as an inward investment destination for the global maritime community.

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