Budget 2021: What does it mean for Maritime?

  • Published:28 Oct 2021
  • Last updated:5 Nov 2021
  • Address
    COP26 International Maritime Hub

  • Date
    4 Nov 2021

    noon - 2 p.m.

Budget 2021

On 27 October 2021, the Chancellor published his Autumn Budget and Spending Review, which sets out the Government’s spending plans over the next three years. The title is ‘A Stronger Economy for the British People’ and the main message is this is a Budget that heralds “an economy fit for the new age of optimism”. This is designed to symbolise a move away from dealing with the COVID pandemic, and shift focus onto delivery of the Government’s manifesto pledges. 

The key announcements from a Maritime UK perspective are as follows:

  • The extension of the Clean Maritime Demonstration Competition (CMDC) into a multi-year programme
  • Reforms to the UK’s Tonnage Tax regime
  • Update on Freeports
  • Shipbuilding developments

This event will explore these announcements with industry experts from across the Maritime UK community. 

Colleagues will be able to join in person, or online. Questions can be submitted in advance for the panel. 


  • Richard Ballantyne, Chief Executive, British Ports Association 
  • Gavin Simmonds, Policy Director, UK Chamber of Shipping
  • Jos Standerwick, Chief Executive, Maritime London
  • Kerrie Forster, Chief Executive, The Workboat Association
  • TBC, Nautilus International
  • Ben Murray, Chief Executive, Maritime UK (Chair)

Watch the recording below