Major Financial Allocation for UK's Coastal Cities and Towns: Over £1.1 billion
Peel Ports Group Announces £1.5bn Investment in UK Ports
In a significant move towards a greener maritime future, Peel Ports Group has announced plans to invest £1.5bn over the next five years. This ambitious fidelity investments, building upon the £1.5bn already invested over the past decade, is aimed at boosting capacity and efficiency across Peel Ports' network.
Yesterday, Transport Secretary Heidi Alexander commented that this investment would supercharge growth and jobs in coastal towns and cities. Claudio Veritiero, CEO of Peel Ports Group, stated that these investments have future-proofed operations, strengthened vital supply chains, and created hundreds of jobs.
One of the key aspects of this investment is the development of new clean maritime technologies and fuels. In connection with the UK SHORE programme, launched in 2022, NatPower Marine has unveiled £250m for shore side power. This investment is estimated to support over 2,000 jobs in construction, engineering, and green technology services.
The government's UK SHORE programme will also boost the funding, providing £448m to reduce emissions from UK shipping. This support aligns with the government's commitment to helping the UK meet its net zero emissions target by 2050, as stated by Alexander.
Peel Ports Group has specifically earmarked £300m for its Liverpool Hunterston and Great Yarmouth ports. Projects already underway include new port-centric warehousing, steel and metals facilities, and major upgrades at key ports. The specific projects set to be announced in due course will further expand these developments.
The investments by Peel Ports Group are not only beneficial for the maritime sector but also intended to support growth and productivity in the wider UK economy. The government and industry are investing in London International Shipping Week, providing a conducive environment for such investments.
NatPower Marine's £250m investment for shore side power, officially announced during London International Shipping Week in September 2025, is part of their investment calculator plan over the next five years. The company is ready to work closely with the government to accelerate maritime energy transition.
It is important to note that the new funding hasn't been allocated to specific projects yet. However, with the ambitious plans and commitment from both Peel Ports Group and the government, it is clear that the UK's maritime sector is poised for a greener and more efficient future.
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