The UK Government has decided to infuse £4bn into its regional shipbuilding industry to address next-generation challenges in the sector.

Plans have been made to deliver more than 150 new naval and civil vessels for the government and devolved administrations using the funding.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This infusion accompanies the government’s refreshed National Shipbuilding Strategy (NSbS), which aims to support shipyards across the country through measures including the development of technology and improvement of worker skills.

The move comes in the wake of the UK’s rising support for European defence amid aggression from Russia.

Poland has selected UK-based Babcock as its preferred partner to supply three new warships. The vessels will be based on the UK’s Type 31 design.

See Also:

In a statement, UK Prime Minister Boris Johnson said: “Shipbuilding has been in our blood for centuries and I want to ensure it remains at the heart of British industry of generations to come.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“The National Shipbuilding Strategy will transform this important and crucial industry, creating jobs, driving technology development and upskilling the shipbuilders of tomorrow, ensuring we are levelling up across every dock, port and shipyard in the UK.”

A new UK Shipbuilding Skills Taskforce will also be created by NSbS Refresh to collaborate with industry and training providers across the country to find and address skills gaps.

Furthermore, the UK Department for Transport will invest £206m in the UK Shipping Office for Reducing Emissions (UK-SHORE) for the development of zero-emission vessels and infrastructure.

The UK shipbuilding industry presently employs 42,600 people across the country.

Last March, the Department for Transport launched a $27.53m (£20m) competition to support innovation and development in the shipping sector.