First Ever Long-term Strategy for UK Maritime Sector

Maritime 2050 is a collaboration between the Department of Transport and Maritime UK, the body for the UK maritime sector. This long-term strategy sets out the government’s vision and ambition for the British maritime sector for the next decades in an increasingly competitive global context.

 

The global ocean economy will double in value to $3trn by 2030. Competitor maritime nations are hungry for the prize, and Maritime 2050 will ensure that the UK is best-placed to capitalise.

Brexit has raised the profile of the sector and while it is determined to manage the UK’s departure from the EU as smoothly as possible, it is also focused beyond Brexit.

 

The strategy is founded on seven core ambitions: UK competitive advantage; Technology; People; Environment; Trade; Infrastructure; Security and Resilience.

 

The main strategic ambitions of Maritime 2050 are:
● Maximise our strength in maritime professional services, retaining and enhancing our UK competitive advantage in the provision of maritime law, finance, insurance, management and brokering, and developing our green finance offer.

● Lead the way in taking action on clean maritime growth enjoying economic benefits from being an early adopter or fast mover.

● Strengthen our reputation for maritime innovation, maximising benefits to the UK from new maritime technology through our world-leading universities, maritime small and medium enterprises (SMEs) and global companies.

● Continue to be recognised as the global leader in maritime safety and security standards and expertise worldwide.

● Grow our maritime workforce and transform their diversity enhancing our reputation as the world leader in the provision of maritime education and training.

● Promote a liberalised trading regime that delivers maximum benefit for our maritime sector.

● Support the continued multi-billion pound commercial investment in maritime infrastructure that makes the UK a globally attractive destination for all maritime business.

● Strengthen and enhance our reputation as a leading country in the International Maritime Organization (IMO), International Labour Organization (ILO) with like-minded countries to take action.

● Promote our UK wide leading maritime cluster offer with government, the maritime sector and academia working in partnership to make the UK the place to do maritime business.

● Showcase our UK maritime offer to the world, promoting all parts of the maritime sector including shipping, services, ports, engineering and leisure marine, and through London International Shipping Week (LISW) maintaining its status as the leading global maritime event.

 

Click here to download the 52 page executive summary.

 

External Sources

Gov UK website: Department of Transport- Marine 2050, Executive Summary