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<p>As an island nation, the UK’s Ports are a critical element of our national infrastructure. They facilitate the movement of 95% of all seaborne import and export tonnage, simultaneously aiding UK companies to achieve more sustainable, efficient and resilient supply chains, and driving coastal regeneration.</p><p> </p><p>We recognise and welcome existing investment flows into the sector. For example, Teesport’s deal to become home to the UK’s first green lithium refiner which will help enable a domestic supply chain for electric vehicles and sustainable energy storage. Investments like these will create new jobs across the country and increase supply chain resilience.</p><p> </p><p>As Government we are considering with industry and across departments how to enhance these important contributions through inward investment into new projects; with an emphasis on decarbonisation, and driving prosperity, in line with our commitments to Levelling Up, Freeports and Clean Growth.</p> |