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LATEST NEWS & EVENTS Govt unveils £8bn growth plan for marine industries  A newly announced government growth plan could lead to higher value waterfront and marine property. Speaking at the PSP Southampton Boat Show, business minister Mark Prisk unveiled the Marine Industries Growth Strategy (MIGS), the first ever integrated UK strategy for the marine industries. If properly implemented, the strategy could lead to a £25 billion marine industry by 2020, Mr Prisk claimed. He added: "Britain's marine industries are one of our best prospects for high value, high skilled economic growth. "That's why we are launching the Marine Industries Growth Strategy to harness that potential and grow the industry by £8 billion by 2020." The plan highlights certain key areas for growth, such as capitalising on export opportunities with growing economies like Brazil, Russia, India and China, as well as expanding the domestic offshore renewable energy industry and cooperation across the marine industries. Richard Sadler, chief executive of Lloyds Register and the industry co-chair of the Marine Industries Leadership Council, explained that cooperation and presenting a "unified voice" to government are essential. He said the relocation of Lloyds Register's UK marine business to a new Group Technology Centre in Southampton was evidence of its commitment to driving growth. Posted by Georgina Price 
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