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Johnny Mercer Welcomes £7.5m Investment in South West’s Marine and Maritime Sectors

October 26, 20230
plymouth

FOR IMMEDIATE RELEASE

Contact: Office of Johnny Mercer MP

Phone: +44 1752 876979

Email: johnny@johnnyforplymouth.co.uk

 

Johnny Mercer Welcomes £7.5m Investment in South West’s Marine and Maritime Sectors

 

On Monday, 23rd October, Maritime UK SW announced that the South West has been chosen as the UK’s only Marine and Maritime Launchpad, recognising its leadership in the sectors. The region will receive £7.5m in funding “to drive innovation and business growth, building on its strengths in marine and maritime”. The South West’s marine and maritime sectors contributed £1,417m of gross added value (GVA) in 2019, generating over 29,000 jobs, and are home to 25 percent of all UK marine manufacturing jobs.

 

Encouraged by the opportunities that the funding will unlock for Plymouth, Johnny Mercer stated “This is a significant level of investment which will not only help maintain our leadership in the marine and maritime sectors, but also encourage others to invest in Plymouth and the wider region.” Driving greater investment into the region is central to Mr Mercer’s campaign to establish Plymouth as the best city to live, work and raise a family.

 

Plymouth is ideally situated as a global centre for excellence for marine science and technology, fostering one of the largest clusters of expertise in Europe. Mr Mercer encourages businesses to apply for funding from Innovate UK for business-led projects in this space. You can apply for funding here. For help with your application, you can attend Maritime UK SW’s briefing and networking event on 3rd November at Plymouth Marine Laboratory. More information and sign up for this free event can be found here. 

 

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Luke Jones

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