The Department for Transport (DfT), in partnership with ABP’s Port of Southampton, today launches the UK’s first Port Economic Partnership (PEP), an innovative initiative to create stronger links between ports and Government, to maximise long-term trade and economic growth. The Partnership will be launched at an event at London International Shipping Week, on board the NLV Pharos lightship.
As part of its strategy, ‘Maritime 2050 – Navigating the Future’, launched in January 2019, the Government outlined the creation of Port Economic Partnerships as one way of creating a strong business environment for ports to thrive, in turn, boosting trade and driving the national economy.
Areas that the Partnership will focus on include leveraging the maximum benefit from public and private sector investment and ensuring that planning processes are as efficient as possible. It is anticipated that this will better facilitate ports’ investment in new freight-handling facilities and other infrastructure needed to grow trading volumes and maintain the UK’s position as a leading maritime nation.
The Partnership will focus on ensuring that public and private sector organisations at local, regional and national levels, work together to enable improved links with our global trading partners, ready for a post-Brexit world where the resilience of our trading hubs is more critical than ever before.
The UK’s first PEP will see the Port of Southampton, the UK’s number one export port and Europe’s leading cruise turnaround destination, work closely with DfT to trial the concept
The Maritime minister, Nusrat Ghani, said:
“I am delighted to announce the first Port Economic Partnership with the Port of Southampton. This fantastic endeavour will be key to supporting the ambitions of Government, helping to cement the UK as a leading maritime nation. Not only this, but this project will also allow the Port of Southampton to drive sector growth, enhance its offer to customers and serve its local community.”
Alastair Welch, ABP’s Regional Director for Southampton, said: “We are proud and excited to be joining the Government in launching the UK’s first Port Economic Partnership. It’s great to see the Government put maritime at the heart of the nation’s economic future. This is another fantastic initiative capable of turbo-charging trade and boosting the nation’s exports.
“ABP looks forward to working collaboratively with Government to deliver the benefits which the Partnership will bring to support the Port of Southampton’s future growth. Ultimately, this important step will safeguard our position as the UK’s number one export port and a leading gateway for international trade, making significant contributions to jobs and the UK economy, both regionally and nationally.”
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About ABP Southampton
- UK’s number one port for exports handling £40 billion of UK exports every year
- Contributes £2.5 billion to the UK economy every year
- Supports 45,600 jobs nationally
- UK’s number one cruise port welcoming 2 million passengers each year
- Handles on average 14 million tonnes of commodities each year
|Video content links:|
|Introduction to ABP Southampton|
About ABP (www.abports.co.uk)
ABP is the UK’s leading ports operator with 21 ports and other transport related businesses creating a unique national network capable of handling a vast array of cargo.
The company contributes £7.5 billion to the UK economy every year and supports 119,000 jobs. Our current investment programme promises to further increase our contribution to regional economies around the UK.
- Handles over 1.5 million vehicles every year
- Generates around one quarter of the UK’s rail freight
- Has 1.4 million square metres of covered storage
- Has 1,000 hectares of open storage
- Handles around 90 million tonnes of cargo each year
- Owns 5,000 hectares of port estate
- Has 87km of quay
Our five-year investment programme across the group is worth £1 billion. Our investment is designed to respond to the needs of our customers whose business relies on our ports for access to international and, in some cases, domestic markets.
|Video content links:|
|Introduction to ABP|
|ABP Vimeo Channel|