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British maritime sector reports strong growth rates

By 11th September 2017 News No Comments

british port southamptonA new report from the Centre for Economics and Business Research (CEBR) has found that the British maritime sector has grown substantially over the last five years.

The report demonstrates the importance of the British maritime sector and its impact on the UK economy. It also projects continued growth alongside the upcoming political changes due to Brexit.

The CEBR found that within five years, the following have increased within the maritime sector:

  • Productivity per worker
  • Employment rate and average salary
  • Turnover
  • Contribution to UK’s GDP

Overall, maritime activities contribute about £40 billion to the UK annually. And, according to Maritime UK, 95 per cent of the UK’s imports and exports go through British ports.

David Dingle, Chairman of Maritime UK, said, “The importance of the sector will only grow post-Brexit. We’re supremely confident that we can play a crucial role in positioning Britain as an outward-looking, global trading maritime nation.”

As a British business, heeco is committed to supporting the national effort toward growing and improving the British maritime sector while maintaining an international reputation for excellence.

Heeco is one of Britain’s oldest electrical engineering companies, and continues to dedicate its talents toward improving the efficiency and capabilities of new build and existing vessels within the UK and abroad.

Heeco is internationally recognised for electrical system design, manufacturing and installation in the marine industry. It provides the design, manufacture and installation of switchboard and switchgear, motor control centres, control consoles and bespoke electrical components.

Contact heeco for more information.

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