Port

Government launch £200m Port Infrastructure Fund

The Government has announced that ports will be able to take advantage of a £200m Port Infrastructure Fund.

The fund is designed to make ports able to function properly post-Brexit, when import laws will be altered.

The funding can be used for a range of vital port infrastructure - from warehouses and control posts to traffic management systems.

Infrastructure will need to change regardless of whether the Government manages to secure a Brexit deal with the EU.

Where infrastructure is not best situated at ports, the government has allocated an additional £270 million to build inland customs facilities.

Chancellor of the Duchy of Lancaster, Michael Gove, said:

“With just 3 months to go until the end of the UK transition period, businesses need to prepare now for the new procedures that will come into place whether or not we reach a trade agreement with the EU, so that we can seize the significant opportunities that lie ahead.

“We have listened to businesses and the border industry and will continue to work with them to deliver not just a fully operational border at the end of the transition period, but also the world’s most effective and secure border within the next five years. The launch of this £200 million fund will help us do just that.”

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