The UK government has unveiled a £1.1 billion ($1.5 billion) public-private investment package to accelerate maritime decarbonization and boost coastal economies, announced during London International Shipping Week (September 15–19, 2025).

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The package includes £448 million in government funding to advance clean shipping technologies and £700 million in private sector commitments focused on port development and infrastructure.

“Today’s £1.1 billion boost for the maritime industry will supercharge growth and jobs in our coastal towns and cities – making the UK one of the best places in the world to invest,” said Transport Secretary Heidi Alexander.

Government funds will reinforce the UK SHORE program, which supports the development of zero-emission maritime solutions including hydrogen, ammonia, methanol, electric, and wind-assisted propulsion systems. Since its launch, UK SHORE has invested £240 million across more than 200 projects, backing 750 jobs. Successful initiatives include Aqua Superpower’s electric vessel charging network on England’s South Coast and Smart Green Shipping’s FastRig wingsails, which can slash vessel fuel use and emissions by up to 40%.

Private sector investment is also expanding capacity at key ports. Peel Ports is committing £300 million to developments in Liverpool, Hunterston, and Great Yarmouth, with plans for an additional £1 billion over the next five years. NatPower Marine is investing £250 million in shore power infrastructure expected to create over 2,000 jobs, while the Port of Tyne’s £150 million North Side project could generate as many as 12,000 jobs in offshore wind and manufacturing.

“This investment is more than just ports and cables – it’s about people and prosperity,” said NatPower Marine CEO Stefano D.M. Sommadossi.

As London International Shipping Week continues, industry leaders are using the platform to chart the future of clean shipping and position the UK as a global hub for sustainable maritime growth.