The Transport Secretary announced on 30 August 2019 that the country’s ports will continue to run smoothly even after Brexit as the Government plans to invest £30 million in these facilities. For ports to access this money they will need to bid as part of the Port Infrastructure Resilience and Connectivity (PIRC) competition for a share of £10 million. This will help deliver upgrades to improve capacity and maintain trade flow.

There will also be a further £5 million available to four key Local Resilience Forums (LRFs). This will be for emergency responders, councils, and other public services in locations with key freight ports.

Key Facts

  • Ports will be able to bid for a share of £10 million as part of the Port Infrastructure Resilience and Connectivity (PIRC) competition.
  • There will also be a further £5 million to four key Local Resilience Forums (LRFs)

 The Road Haulage Association (RHA) thinks that the investment will not have the effect that the government hope. RHA chief executive, Richard Burnett said “Of course we welcome the Government’s commitment to making ports Brexit ready, but as with all infrastructure improvements they take time and that is a commodity that we do not have.”

How can we help

At Hawsons we have a specialist team of transport and logistics accountants in Sheffield, Doncaster, and Northampton. We act for a large number of clients in this sector across our three offices, ranging from hauliers to international couriers, and understand the challenges this dynamic sector faces.

If you would like to contact us for a free initial meeting click here.

If you would like to see more information about our specialist transport and logistics accountants click here.

 

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