(1 day, 20 hours ago)
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The Secretary of State for Business and Trade (Jonathan Reynolds)
National security is the foundation of our plan for change—without it we cannot deliver on our milestones to raise living standards across the UK, with good, skilled, productive jobs.
I am pleased to announce that a commercial deal has been reached, subject to approvals, that will see Navantia UK—a specialist in shipbuilding—purchase Harland & Wolff’s shipyards in Belfast, Arnish and Methil in Scotland, and Appledore in Devon. This industry-led deal will secure the future of all four of Harland & Wolff’s shipyards and protect around 1,000 jobs across the UK.
The deal will ensure the delivery of the Ministry of Defence’s fleet solid support (FSS) contract. The Government have worked closely with Navantia UK on the future of the FSS programme. We have agreed with Navantia UK on the absolute minimum of changes to the contract, ensuring its continued delivery.
Defence is at the heart of the industrial strategy, where we have identified it as one of eight growth-driving sectors for the UK economy. Our industrial strategy is unreservedly pro-business, engaging on complex issues that are barriers to growth and investment.
Navantia UK has committed to invest significantly on commercial terms into Harland & Wolff’s shipyards, a major investment into the UK’s industrial base. This is a good deal for Harland & Wolff, its employees, and the British shipbuilding sector more broadly, as it provides the best opportunity to sustain essential sovereign shipbuilding capacity and capability for future naval work, safeguarding both current and future jobs in the UK.
We are committed to supporting vibrant and successful shipbuilding and offshore fabrication industries, and our skilled workforces who deliver them, in all parts of the UK, in which Harland & Wolff has an important role to play.
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