As an island nation the UK has traditionally been a leading player in the global maritime industry.
The maritime industry is critical to the UK economy with approximately 95% of all imports and exports transported by sea, including 25% of the UK’s energy supply, and 48% of the country’s food supplies. Maritime business services directly contribute £2 billion gross value added (GVA) to the UK economy; this is expanded to £5 billion GVA if the wider impacts of the sector are considered.
In addition to freight and goods movements the UK has a significant maritime tourism and leisure industry which was valued at £3.12 billion in 2017. The UK has a thriving and growing cruise sector with 1.96 million cruises sold in the UK in 2017, half of which started at a British port.
The UK is also a world leader in maritime services such as insurance, regulation and certification with London being the global hub for all such services.
Clean Maritime Demonstration Competition
To celebrate the success of the Clean Maritime Demonstration Competition KTN, on behalf of the Department for Transport and Innovate UK, have collated a series of videos into an online showcase highlighting all the innovative projects winning a share of the £23m funding. These projects represent some of the best examples of UK organisations being world leaders in clean smart maritime technologies of the future which will springboard the UK maritime sector’s transition towards Net Zero.
Browse the videos here.
Current Maritime funding opportunities
iX challenge: Adaptable Fender Development
Opens: 01/07/2022 Closes: 26/08/2022
The Innovation Exchange programme is working alongside Carbon Trust Offshore Wind Accelerator (OWA) to support OWA members to solve a wind farm access challenge. OWA members wish to engage innovators to find solutions for adaptable vessel bow fenders that allow for a single vessel to…
Scottish EDGE round 20
Opens: 20/07/2022 Closes: 23/08/2022
Having already invested £20 million into over 500 businesses with entrepreneurial potential, the Scottish EDGE Awards round 20 opens in July 2022. Awards can be up to £100,000 per company.
Women in Innovation Awards 2022/23
Opens: 22/08/2022 Closes: 19/10/2022
Women with exciting, innovative ideas who will inspire others can apply for an award which includes a £50,000 grant and bespoke business support.
Maritime industry sailing towards Net Zero
An event report from the Clean Maritime Demonstration Competition Showcase at the Portsmouth International Port.
Announcement of UK SHORE - £206m available to accelerate the development of clean maritime technologies
The Department for Transport has announced the highly anticipated launch of UK Shipping Office for Reducing Emissions (UK SHORE). This new unit will be housed within the Department for Transport, and will oversee a multiyear programme of interventions aimed at making the UK maritime sector a global leader in clean and smart maritime technologies.