Marine industries "a major contributor to UK economy"News // February 10, 2011
The UK’s marine industries contribute £3.7 billion to the UK economy each year, according to figures released by the Marine Industries Leadership Council.
Comprising more than 5,000 companies, the marine industries employ around 120,000 people across the UK and have a combined turnover of £10 billion.
With more than 20 per cent growth in shipbuilding and marine leisure between 2006 and 2008, future growth in the marine industries is expected to amount to billions of pounds for the UK through expanding international markets and marine renewable energy.
Speaking at a parliamentary event to promote the findings of the economic research in his capacity as co-chair of the Council, Minister of State for Business and Enterprise Mark Prisk MP said: "These figures highlight the importance of the marine industry to the UK economy and to the skills and jobs market.
“It is an industry worth several billion and the Marine Industries Leadership Council will play a vital role in helping industry to secure more work for the UK.”
Alan Johnston Managing Director of BAE Systems’ Maritime organisation and co-chair of the Council, said: “It is not true that these industries are in decline - nothing could be further from the truth. The high technology marine engineering industry makes a major contribution to the UK economy.
“By working together we have the potential to further increase revenues, boost jobs and our collective value to the economy. Areas of focus include innovation, promoting British expertise in international markets, and skills development. I would encourage companies in the UK marine supply chain to take an active interest in the wider sector and to explore opportunities for collaboration and engagement.”
Case studies demonstrating the breadth of the UK marine industries were presented at the parliamentary event.
Offshore renewables presents the marine industry with an unprecedented growth opportunity. RenewableUK recently showed the sector doubling direct UK employment to over 10,000 between 2007 and 2010.
UK companies making the most of this, like Alnmaritec and South Boats, have used their specialist expertise and innovative approach to become major manufacturers of workboats for the offshore wind sector.
UK expertise in Commercial Marine Science and Survey has been exported all over the world. With marine renewable energy we find ourselves once again at the forefront of providing world class marine science and survey capability and are investing in the necessary skills and training to support this expected growth.