£6bn UK Shipbuilding Pledge
Healey Pledges £6bn UK Shipbuilding Programme to Boost Britain's Industrial Base
Anonymous
At Labour’s conference in Liverpool, Chancellor John Healey is set to promote a “new age of industrialisation,” arguing that Britain can rebuild its industrial base through modern manufacturing rather than a return to coal mining. He will pledge a £6 billion UK-built programme of three floating docks at the Royal Navy’s Clyde submarine base, part of a wider, multi-year naval infrastructure upgrade to support maintenance of current and future submarines. The government says the projects will be awarded to British firms and support shipyards, jobs and national security. It will also fund a £115 million marine research vessel, expected to enter service in the early 2030s. Healey is expected to offer a positive vision for growth without disclosing details of the coming Budget, amid pressure on public finances.
Key Points
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The Clyde docks are part of a broader Royal Navy shipyard transformation expected to cost £15 billion over the next decade.
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The announcement followed First Secretary of State Louise Haigh’s call for a greater share of the UK’s £400 billion annual public procurement budget to go to British firms.
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Healey and the Prime Minister joined a sea trial on Merseyside for the £26 million Royal Daffodil, the first Mersey ferry built in more than 60 years.
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