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British Ports Bring £9.7 billion to British economy

British Ports Bring £9.7 billion to British economy

The research was commissioned by the British Ports Association (BPA) and UK Major Ports Group. According to report, UK Ports are the foundation of the entire marine economy and are increasingly supporting other types of valuable economic activity.

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British Ports Association Chairman and Chief Executive of the Port of Blyth, Martin Lawlor has declared a statement this week. According to his statement, he said “Ports are the foundation of the entire marine economy – whether it is leisure, fishing, offshore energy, marine aggregates or anything else that uses the seas around this island – it matters that the industry continues to deliver. Unlike some parts of the world, UK ports do all of this at no cost to the taxpayer. Last year we delivered £5.3bn to the exchequer and supporting £46 billion of GVA. That is an incredible achievement: 20% higher than 2010 and forecast to grow another 15% in the next five years. Ports are delivering jobs, investment and prosperity – but that is no accident. If we are to continue to deliver, we cannot stand still, the world is constantly changing and we must constantly change with it and ensure we have a business environment that continues to support success and a world class ports industry.”

Centre for Economics & Business Research has announced that UK won £9.7 billion thanks to their ports.

Maritime Business World 

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