As an island nation the UK has traditionally been a leading player in the global maritime industry.

The maritime industry is critical to the UK economy with approximately 95% of all imports and exports transported by sea, including 25% of the UK’s energy supply, and 48% of the country’s food supplies. Maritime business services directly contribute £2 billion gross value added (GVA) to the UK economy; this is expanded to £5 billion GVA if the wider impacts of the sector are considered.

In addition to freight and goods movements the UK has a significant maritime tourism and leisure industry which was valued at £3.12 billion in 2017. The UK has a thriving and growing cruise sector with 1.96 million cruises sold in the UK in 2017, half of which started at a British port.

The UK is also a world leader in maritime services such as insurance, regulation and certification with London being the global hub for all such services.


Clean Maritime Demonstration Competition

To celebrate the success of the Clean Maritime Demonstration Competition, Innovate UK Business Connect, on behalf of the Department for Transport and Innovate UK, has collated a series of videos into an online showcase highlighting all the innovative projects winning a share of the £23m funding. These projects represent some of the best examples of UK organisations being world leaders in clean smart maritime technologies of the future which will springboard the UK maritime sector’s transition towards Net Zero.

Browse the videos here.

Related Opportunities

Smart Shipping Acceleration Fund

Opens: 22/04/2024 Closes: 26/06/2024

UK registered organisations can apply for a share of up to £8m for innovative smart shipping technologies for maritime decarbonisation.

More Information

European Space Agency: Maritime Decarbonisation

Opens: 01/06/2024 Closes: 28/02/2025

ESA seeks to support development of sustainable space-based services and applications related to maritime decarbonisation.

More Information

Maritime Accelerator 2024

Opens: 14/05/2024 Closes: 20/06/2024

A dynamic initiative powered by Connected Places Catapult, for SMEs with pioneering solutions applicable to the maritime industry and beyond.

More Information

International Green Corridors Fund: UK–NL Feasibility Studies

Opens: 03/06/2024 Closes: 17/07/2024

UK registered organisations can apply for a share of up to £430k for feasibility studies with Netherlands organisations, looking at UK – NL shipping routes.

More Information

European Space Agency: Blue Capital

Opens: 06/05/2024 Closes: 14/06/2024

The call aims to promote the use of satellite and digital technologies to bring about solutions and funding streams to support the blue natural capital sector.

More Information

International Supply Chain Accelerator: Seamless Trade Across Borders

Opens: 13/05/2024 Closes: 14/06/2024

The International Supply Chain Accelerator aims to facilitate collaboration and funding for Electronic Trade Document Systems prototypes.

More Information

Related Case Studies

Singapore’s Opportunities for Maritime Innovation

Singapore’s Opportunities for Maritime Innovation

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