The Socio-Economic Benefits of Marine Industries

SUDG industries contribute a significant amount of socio-economic value to the UK economy which should not be overlooked when making critical decisions regarding the use and management of the marine environment and seabed, given the importance of marine industries for energy generation and transmission, global communications, international trade and commerce, and recreation. Since many of these activities are focused in coastal communities they also provide important income and jobs for those living in these areas.

The SUDG commisisoned a report to quantify the contirbutions of SUDG marine industries to the UK ecomonmy and the analysis showed that SUDG industries generate between £150 billion and £180 billion in turnover, with a contribution of between £65 billion and £69 billion in overall economic value (GVA), supporting approximately 580,000[1] to 1 million jobs.

The full report can be downloaded here:

R4499_SUDG_Economic_Benefits_Final_Report_20241211_finalv2.pdf

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[1]                 This is the multiplier analysis but it does not include indirect and induced jobs from the ports sector and is therefore likely to be an under-estimate.