Ireland's sailing, boating & maritime magazine

In association with ISA Logo Irish Sailing

The Question Of Brexit For Britain’s Marine Industry

18th September 2017
Boats for sale at last year’s Southampton Boat Show Boats for sale at last year’s Southampton Boat Show Photo: Southampton Boat Show/YouTube

#Brexit - What will Brexit mean for Britain’s marine industry?

That’s the question that was posed by MoneyWeek to leading figures in the sector on the eve of the Southampton Boat Show, which continues this week.

There is broad agreement that the weaker pound has been beneficial, especially against the dollar for boat sales to the US – a much bigger market for some boat builders than closer to home.

Britain’s marine leisure sector has also experienced a boost from overseas visitors and a growth in domestic tourism, to match the return of confidence to the boat sales market.

Employment is another matter, as around a fifth of the industry is currently staffed by EU citizens from outside of the UK.

Policy and trade are also a concern, as Brexit means the UK would no longer have a direct influence over EU directives pertaining to regulation of the marine industry.

MoneyWeek has much more on the story HERE.

MacDara Conroy

About The Author

MacDara Conroy

Email The Author

MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

Featured Sailing School

INSS sidebutton

Featured Clubs

Howth Yacht Club
Kinsale Yacht Club
National Yacht Club
Royal Cork Yacht Club
Royal Irish Yacht club

Featured Brokers

mgm sidebutton

Featured Associations

ISA sidebutton
isora sidebutton

Featured Events

corkweek sidebutton
tokyo sidebutton
roundireland sidebutton
wave regatta
sovscup sidebutton

Featured Chandleries

CHMarine Afloat logo
viking sidebutton

Featured Sailmakers

northsails sidebutton
uksails sidebutton

Featured Marinas

dlmarina sidebutton

Featured Blogs

W M Nixon - Sailing on Saturday
podcast sidebutton
BSB sidebutton
sellingboat sidebutton

Please show your support for Afloat by donating