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.