Ports: Investment
The question
To ask the Secretary of State for Transport, what steps her Department is taking to encourage investment in port infrastructure.
Answered by Keir Mather
The UK’s ports sector is largely privately owned and operated, with the Government’s role primarily to ensure that the policy and regulatory environment supports investment. Ports policy is devolved, with the Department for Transport responsible for ports in England and Milford Haven in Wales. My Department is streamlining planning and regulatory processes for these ports, including by updating the National Policy Statement for Ports.
The Government provides targeted support where there are clear public benefits, such as on decarbonisation. In September the Department announced a £448 million extension to the UK SHORE programme, the biggest ever Government investment in commercial maritime across the UK. In addition, my Department is working with the National Wealth Fund, which has committed at least £5.8 billion of its capital to five sectors, including UK ports.
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