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Shipbuilding and Shipping

Question for Department for Business, Energy and Industrial Strategy

UIN 63263, tabled on 14 October 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to support maritime and shipbuilding.

Answered on

27 October 2022

The Marine sector and shipbuilding are an important part of my Ministerial portfolio. BEIS is supporting the delivery of the refreshed National Shipbuilding Strategy led by the Ministry of Defence. The Home Shipbuilding Credit Guarantee Scheme will underwrite lending, in partnership with commercial lenders, for domestic operators to encourage more UK builds and is a key priority for early delivery. I am bringing forward our specific proposals for the scheme to Government colleagues, with a view to updating Parliament and launching a scheme this calendar year.