Despite political uncertainties, British marine companies grew their revenues by 1.7% in 2018 to £3.17bn, IBI magazine reports. It is the seventh consecutive year of growth. The marine industry supports over 33,000 direct employees, and half of all exports are to within the EU.
“These latest figures illustrate that the British boating sector has continued to prosper, despite challenging conditions and the ongoing uncertainty about Brexit,” says British Marine CEO Lesley Robinson.
“A weakened pound has provided much-needed support to industry exports and with British holidaymakers staying in the UK, nearly a third of tourism businesses are remaining positive about the future.
“However, with the proposed EU exit deadline looming, the future health of the industry is not guaranteed,” Robinson continues. “Business confidence within the industry relies on consumer confidence…