Mersey Maritime - A driving force for the maritime industry on merseysideMersey Maritime - A driving force for the maritime industry on merseyside

WE NEED TO SPREAD THE MESSAGE ABOUT THE ECONOMIC CONTRIBUTION WE MAKE, WRITES JOHN HULMES, CHAIRMAN OF MERSEY MARITIME

By Mersey Maritime

Earlier this year Maritime UK commissioned research to estimate the value of the UK maritime sector and the results were released during London International Shipping Week.

Carried out by the Centre for Economics and Business Research (CEBR), the study estimates the maritime and marine sectors provide 185,700 direct jobs nationwide and generate revenues of £40bn.

However, those direct jobs are just the starting point. Each job then feeds a number of indirect jobs and the CEBR reports this adds up to around 937,000 jobs, generating revenues of more than £90bn.

To put that into context, the comparable figures for the aerospace sector come in at one-third less than our sector.

In the North West the maritime and marine sectors provide 18,300 jobs directly, generating just over £3bn, and 76,100 jobs indirectly, generating revenues of more than £6.5bn.

Direct GVA contribution is more than £1.1bn and this figure rises to almost £2.9bn in terms of the indirect contribution.

Whereas the regional statistics are helpful and demonstrate how the industry is one of the major economic drivers in the North West, we have reason to believe that the figures for our region are considerably understated.

We shall be providing submissions to CEBR to help demonstrate that they have failed to identify large chunks of the maritime and marine sector within the region.

Indeed, a recent study that Mersey Maritime commissioned with key partners for the Liverpool City Region estimates more than 22,000 direct jobs alone
Whatever are the true figures, it is important that we get across the message to all key stakeholders that the regional Maritime and Marine Industry is an economic giant in the region and it is heavily investing for the future. All members are encouraged to assist in spreading the message.

And one final statistic, yes, I do confess to reaching the big 60 earlier this month.

 

Tony McDonough
Consultant at YBNews
Mobile: 07931 964948
Twitter: tonymc39

 

 

maritime
About maritime

Mersey Maritime is the representative body for the Maritime Sector and related industry sectors operating across the Liverpool City Region. We work with businesses of all sizes and in all locations to develop strong, market-responsive supply chains and promote Liverpool’s maritime industry as a world class Centre of Excellence.

JOIN MERSEY MARITIME TODAY

Mersey Maritime is one of Europe’s most successful maritime cluster organisations, representing the interests of over 1700 Maritime, Logistics and Energy businesses on Merseyside and beyond.

Our Sponsors

Sponsorship of Mersey Maritime provides businesses with the opportunity for closer collaboration.

SUBSCRIBE TO OUR NEWSLETTER

Sign up here to receive industry news straight into your inbox every month.

WE NEED TO SPREAD THE MESSAGE ABOUT THE ECONOMIC CONTRIBUTION WE MAKE, WRITES JOHN HULMES, CHAIRMAN OF MERSEY MARITIME