To secure shipbuilding future, UK to build 150 new ships: Govt

Date:

The Government has stated that a £4 billion investment in regional shipbuilding in the United Kingdom will create tens of thousands of jobs for the people and result in the production of more than 150 new naval and civil vessels over the next 30 years.

According to sources, the multi-billion pound investment, which Prime Minister will unveil during a visit to a Merseyside dockyard on Thursday, will “galvanise” shipyards and suppliers across the UK.

Advertisement

The investment for the new vessels of £4 billion was announced in the 2020 Spending review and the 2021 Autumn Budget.

Meanwhile, the Defence Ministry (MoD) will publish its refreshed National Shipbuilding Strategy (NSbS).

Moreover, as per the sources, this will outline how the Government intends to assist shipyards across the country in upskilling workers, creating employment, advancing technology, and ensuring the industry “delivers on next-generation challenges.”

It is said that the strategy will also build upon the country’s “increased support for European defence capability in the face of Russia’s aggression,” with British defence giant Babcock International Group plc chosen as Poland’s preferred partner to deliver 3 new warships based on the United Kingdom’s Type 31 design.

Furthermore, PM Johnson stated shipbuilding had been “in our blood for centuries”, and it should remain “at the heart of British industry of generations to come”.

“The National Shipbuilding Strategy will transform this crucial industry, creating employment, driving technology development, and upskilling tomorrow’s shipbuilders, ensuring we are levelling up throughout every dock, port, and shipyard in the UK,” he said.

Advertisement

“This will ensure that Britain is rightly seen as a shipbuilding power across the world.”

As a part of the strategy, the Transport Department will inject £206 million into the UK Shipping Office for Reducing Emissions (UK-Shore).

In addition, Defence Secretary Ben Wallace said: “As shipbuilding tsar, I am proud to be announcing our new strategy; this is an exciting time to be involved in the sector.

“With significant Government investment, we will be levelling up across our shipbuilding workforce, from shipyard to supplier, from procurement to designer, creating tens of thousands of new employment opportunities, boosting living standards and pay.

Share post:

spot_img

Popular

More like this
Related

Total Energies halted its investments in the Adani Group

Total Energies said it would no longer invest $4 billion with the Adani Group in a green hydrogen project.

Dominica: Parliament discusses the growth of the country’s people

The House of Assembly conducted the first meeting of the 11th Parliament's first session on February 7, 2023.

British Banks received billions to cover COVID loan loss

British banks have received more than £4.4 billion from taxpayer money to cover defaults on the £77 billion of state-guaranteed loans.

Pakistan: Crimes against Ahmadiyya Muslims are increasing

In Pakistan, crimes are often committed against the Ahmadiyya Muslim community by Muslim community members, gangs, and even the police.