UK focuses on green technology as it seeks to revive shipbuilding sector

The UK government has committed over £200mn in seed funding to support the country’s green marine technology sector, as part of the government’s latest national shipbuilding strategy.

It aims to fund research and development to cut shipping’s emissions and support start-ups to help them establish themselves in the commercial shipbuilding market dominated by countries such as South Korea, Japan and China. to compete at the world level.

The £206 million funding package reflects Britain’s attempt to return to its position as a leading global commercial shipbuilder instead of focusing on high-margin technology that it abandoned decades ago.

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