Announced by the Prime Minister in Merseyside, the National Shipbuilding Survey contains plans to boost the competiveness and productivity of UK shipbuilding, helping to put the sector on track to be the world's most competitive maritime nation by 2050.

The strategy includes more than £200m funding for green maritime projects through a new UK Shipping Office for Reducing Emissions, a new government team to open up exporting opportunities worth up to £600 million, and establishing a taskforce to drive new skills and talent into the industry.

The NSS also includes a 30-year, cross-government shipbuilding pipeline of more than 150 new vessels to provide certainty for yards, and re-introduces the Home Shipbuilding Guarantee Scheme (HSGS), giving firms a government-backed guartantee for loan repayments to reduce financing costs.

The NSS includes the launch of UK-SHORE, a new dedicated unit within the Department of Transport focused on decarbonising the maritime sector. The unit will expland the Clean Maritime Demonstration Competition (CMDC), a government-funded research and development competition, to a multi-year programme.

More than £4 billion of government-wide investment is set for the shipbuilding sector across the next 3 years.

First published in 2017, the National Shipbuilding Strategy outlined ambitions to transform naval procurement, securing export and design contracts for British naval ships to Australia and Canada. Building on that success, today’s refresh outlines the Government’s further ambitions to reinvigorate the whole British shipbuilding industry contributing to its levelling up mission to boost productivity, pay, jobs and living standards.

For more information click here and to download a copy of the strategy click here.