UK Launches First Port Economic Partnership Between Port and State
Port of Southampton and the UK government have launched the country’s first Port Economic Partnership (PEP), an initiative aimed at creating stronger links between ports and government.
As part of its strategy, ‘Maritime 2050 – Navigating the Future’, launched in January 2019, the UK government outlined the creation of Port Economic Partnerships as one way of creating a strong business environment for ports to thrive.
The PEP is anticipated to better facilitate ports’ investment in new freight-handling facilities and other infrastructure needed to grow trading volumes. It will also focus on ensuring that public and private sector organisations work together to enable improved links with the UK’s global trading partners.
The UK’s first PEP will see the Port of Southampton work with Department for Transport to trial the concept.
“Associated British Ports looks forward to working collaboratively with the government to deliver the benefits which the Partnership will bring to support the Port of Southampton’s future growth,” Alastair Welch, ABP’s Regional Director for Southampton, said.
“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.”
“This project will also allow the Port of Southampton to drive sector growth, enhance its offer to customers and serve its local community,” Nusrat Ghani, Maritime Minister, added.