Marine Environment: Investment
The question
To ask the Secretary of State for Business and Trade, whether he has made an assessment of the potential merits of investing in the marine economy.
Answered by Sarah Jones
The Department for Business and Trade recognises the critical importance of the marine economy to the UK, facilitating around 95% of the country’s trade in goods, directly employing 227,000 people and generating over £55bn in business turnover in 2019. This sector also plays a vital role in advancing the UK’s sustainability goals - highlighted by the Department for Transport's recent announcement of a further £30m investment into the Clean Maritime Demonstration Competition. My department works closely with the sector to support new investment opportunities and to help achieve sustainable, inclusive and resilient growth.
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