New report highlights importance of Port of London
A new report highlights the major economic contribution of the Port of London to the capital and the surrounding regions. It reveals that the Port generates over 35,000 full time jobs and contributes £3.4 billion to the economy each year.
The study has been commissioned by the Port of London Authority (PLA) and carried out by independent consultants SQW Limited. It underlines the positive impact on the regional economies of the Port of London and related shipping and marine activities.
Highlights of the report include:
- 30,306 people are employed directly in Port of London terminals, and in related shipping activities and services (another 5000 jobs created indirectly)
- £3.41 billion gross value added annually to the London and south east economy
- planned investment in the Port of London in next five years is estimated at £769 million (£1.3 billion in next ten years)
Commenting on the report, PLA chief executive Steve Cuthbert said:
“The Port of London is a vital part of the transport infrastructure of London and the south-east. This new report also emphasises the importance of the Port and its related marine activities to the wider economy and for employment in the regions it serves.”
For further information contact Martin Garside, PLA. Tel: 020 7743 7915.
Note to Editors:
The Port of London comprises over 70 independently owned terminals and port facilities, which handle a very wide range of cargoes. London is the second largest port in the UK and handles over 50 million tonnes of cargo each year. The Port of London Authority (PLA) is the port authority for 150 km (95 miles) of the tidal Thames from the sea to Teddington. It provides navigational, pilotage and other services for ships using the Port of London.