Boosting Britain's coastal communities: more support for shipbuilding

The government has  announced a new shipbuilding lending scheme to boost the UK’s coastal communities, creating hundreds of British jobs in our coastal towns and helping to grow the economy. 

  • Shipbuilding is a fundamental part of the UK’s industrial power but we must support the sector to get ahead of the competition within the shipbuilding industry. 
  • That is why the Conservatives are launching the Shipbuilding Credit Guarantee Scheme, as part of the £4 billion National Shipbuilding Strategy Refresh which contributes an annual £2.8 billion to the economy and supports 42,000 jobs. The Scheme will act as a guarantor for lenders purchasing UK-built ships, unlocking credit for maritime firms.  
  • This will encourage more vessels to be built here in the UK, creating jobs and growing the economy in coastal areas such as Liverpool, Plymouth, Clydebank and Belfast. 

Comments

Popular posts from this blog

Nick Herbert on his visit to flood hit areas of Cumbria

Who are the real voices of Leave?

Feedback from Millom neighbourhood forum