Government’s Shipbuilding Credit Guarantee Scheme to Boost UK Maritime Industry.

The Seaking Group’s CEO, Martin Sealeaf, applauds Government’s Shipbuilding Credit Guarantee Scheme to Boost UK Maritime Industry.

‘I commend the government’s initiative to launch the Shipbuilding Credit Guarantee Scheme (SCGS). This scheme is a significant step towards revitalising the UK shipbuilding sector and will undoubtedly positively impact our coastal communities.

The SCGS, by acting as a guarantor for lenders, will provide much-needed financial support to ship buyers, making it easier for them to purchase UK-built vessels and upgrade existing ones. The scheme will boost the UK shipbuilding industry, create hundreds of jobs, and contribute hundreds of millions to our economy.

As a company deeply rooted in the maritime industry, we are excited to see this plan drive growth in key areas such as Liverpool, Plymouth, Portsmouth, the Solent, Rosyth, Clydebank, and Belfast. It is an encouraging development that aligns with our commitment to advancing the marine sector and supporting local communities.

We look forward to witnessing the positive effects of this scheme on the shipbuilding sector and the overall growth of the UK economy. The government’s dedication to fostering growth and innovation in the maritime industry will undoubtedly have a lasting and transformative impact.’ Martin Sealeaf, CEO, The Seaking Group.

Read full article here

https://www.gov.uk/government/news/new-shipbuilding-lending-scheme-to-boost-uks-coastal-communities?

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Photo Credit: gov.uk