British Marine is reporting significant increase in investment, profit and employment for the British marine industry
The trade association published its bi-annual “Marine Industry Trends” survey at the 2015 Southampton Boat Show.
It reports a number of upward trends for economic performance across sectors of the leisure marine, superyacht and small commercial marine industry.
The survey, completed by a sample of 321 British Marine members, has found that 1 in 3 businesses reported a rise in employment levels – up by 6% from the last survey in November 2014. Profits were also reported to have increased for 50% of the members surveyed.
A decrease of 7% of those asked reported a decline in profits (just 19% compared to 24% last year).
Investment has also grown with 45% of members reporting increased capital expenditure on investments, up from 39% in 2013-2014.
Responses came from a broad range of businesses across the industry from sectors such as boat manufacturing, distribution, repair and re-fit, and charter and training.