The UK government has launched a new scheme to help buyers purchase UK-built ships, with £500m of credit guarantees. Through the Shipbuilding Credit Guarantee Scheme (SCGS) the government will act as a guarantor for lenders, unlocking credit for maritime firms. The scheme will help buyers access finance to buy UK-built vessels and upgrade existing ones. The […]
Prime Minister Boris Johnson visited Cammell Laird dockyard in Merseyside last week, as he announced over £4 billion of government-wide investment in regional shipbuilding, which will deliver more than 150 new naval and civil vessels over the next 30 years, the government said. While the shipbuilding fund was originally announced in the 2020 spending review […]