Freight News, Sea

Southampton adds nearly a billion to UK economy

[ July 18, 2014   //   ]

A new independent report says that Associated British Ports’ (ABP) Port of Southampton contributes £990 million to the UK economy every year, including £714 million for the Solent region. Consultants Arup added that the port supports 14,730 jobs.

Investments of over £100 million in the past five years with a further £150m due to be spent over the next five years will increase the port’s contribution to the UK economy by an estimated £437 million every year.

Clive Thomas, ABP Southampton’s Port Manager, said: “These latest figures underline yet again the vital contribution made to the regional and national economy by the Port of Southampton. Not only does it support thousands of jobs in the Solent region but thousands more across the country.”

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