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PRIVACY
Ports & Logistics

South West calls for Government to unlock £1.5bn by investing in region's ports

A new report says harnessing the full potential of the region's ports could unlock 'major' opportunities for the º£½ÇÊÓÆµ

Appledore Middle Dock in North Devon.(Image: Torridge District Council)

The Government is being urged to offer more support to ports in the South West of England and help unlock "major" investment opportunities for Britain.

The Great South West - the pan-regional partnership for Dorset, Somerset, Devon and Cornwall & Isles of Scilly - says harnessing the full economic potential of the region's ports will support º£½ÇÊÓÆµ priorities in the forthcoming Industrial Strategy.

A new report, delivered by renewable energy developer Celtic Sea Power in collaboration with the ports, sets out how a multi-port investment solution could boost the º£½ÇÊÓÆµ’s £47bn floating offshore wind ambitions.

It warns the multi-billion pound opportunity is currently being held back by complex barriers to port growth - from infrastructure, planning, and regulations to improving the conditions for investment into large-scale renewable projects.

The publication outlines the capabilities of individual ports, how the benefits of collaboration can be harnessed, and the importance to the º£½ÇÊÓÆµ’s economic growth, energy security and defence resilience.

Commodore (Rtd) Steve Jermy, chief executive of Celtic Sea Power, said: “Ports are the backbone of the floating offshore wind industry.

"The South West’s collaborative port network, together with our industrial strengths and maritime legacy, makes us a significant contender on the global stage. This statement is a rallying call for a national solution that unlocks our regional potential, and secures the º£½ÇÊÓÆµ’s clean energy leadership.”

The statement also calls for targeted co-investment from the National Wealth Fund for shared infrastructure such as grid upgrades, transport links and logistics facilities, to unlock private capital and accelerate industrial development across the South West’s port network.