The government is investing billions of pounds in British shipyards for two major maritime projects, aiming to create high-skilled jobs, drive growth, and strengthen national security. Chancellor John Healey confirmed that three new floating docks for the Royal Navy’s submarine service at HM Naval Base Clyde will be built in Britain through a UK-only competition. These facilities, known as Programme Euston, will provide maintenance for the UK’s current and future nuclear submarine fleet.
Additionally, funding has been committed for a new marine research vessel, which will be built in a British shipyard. This vessel is expected to be operational in the early 2030s and will conduct core research on seas and oceans, supporting sustainable fishing and coastal communities.
Chancellor Healey stated that this strategic investment in a critical sector is backing British jobs and businesses across the UK, while also boosting national security and securing resilience in industries. Defence Secretary Wes Streeting added that defence spending should make Britain stronger by backing British industry wherever possible.