Marine industries strategy aims for �8bn growth by 2020

A STRAGGLE which could lead to �8billion growth in the British marine and maritime industry was launched yesterday by Business Minister Mark Prisk at the PSP Southampton Boat Show.

Drawing on the thinking of business, Government and academia, the Marine Industries Growth Strategy (MIGS) aims to establish a foundation for ambitious but sustainable long-term growth.

Mr Prisk, who is also co-chair of the Marine Industries Leadership Counci, said: “Britain’s marine industries are one of our best prospects for high value, high skilled economic growth. That’s why we are launching the Marine Industries Growth Strategy to harness that potential and grow the industry by �8billion by 2020.

“By harnessing the potential of the sector, and the research potential of our universities, we can build our strengths and capabilities to make sure that Britain’s marine sector has a bright and successful future.”

Richard Sadler, chief executive of Lloyds Register and the industry co-chair of the Marine Industries Leadership Council, added: “As co-chair of the Maritime Industries Leadership Council, I’m committed to leading this vital collaboration between business, academia and government to deliver a clear strategy revitalising the industry’s skills base, advanced technical capability and export potential.

“It is also vital that the industry presents a united voice to government through the Department for Business, Innovation and Skills and UK Trade and Investment.”