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The Department for Transport (DfT) has launched the UK’s first Port Economic Partnership (PEP) with ABP’s Port of Southampton, the UK’s number one export port and Europe’s leading cruise turnaround destination.
PEPs are an initiative aimed at creating stronger links between ports and the government, to maximise long-term trade and economic growth. They are part of the government’s ‘Maritime 2050 – Navigating the Future’ strategy. Goals include leveraging public and private sector investment and ensuring that planning processes are as efficient as possible, to 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 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.”
© The Exporter 2019