Brexit Benefits the Boat and Yacht Industry

By Steve Brand | March 15, 2018

Since the Brexit referendum in June 2016 the value of the British pound has fallen but, although this has been detrimental to many sectors, the boat and yacht industry is still booming.

The British, and the rest of the world, are patiently waiting to understand the full impact of Brexit, and whilst many individuals within the maritime industry rightly discuss disadvantages such as the labour supply chain and rising costs relating to overseas procurement, we’ve taken some time to look at the positive effects Brexit has had on the Boat and Yacht Industry.

Boating Tourism

The currency’s weakness has encouraged British families to stay at home, with many choosing to save money by going on holiday within the UK rather than abroad.

With brits rekindling their love for barges, yachting, water sport holidays and canal cruises around the UK, the industry is reaping the rewards. Boating tourism has seen great success and marine tourism operators have had a jump in sales with 47% of marina and boatyard companies reporting a growth in revenues as more individuals visit.

Increased Revenues

The post-Brexit pound has also caused the price of British made vessels to decrease drastically. This new, more affordable price, has attracted a wide range of international buyers positively impacting the industry’s revenues.

Figures released by British Marine show revenues increasing by 3.4% to £3.12bn in 2017, a figure that has not been seen within the industry since the market crashed in 2007.

Job Opportunities

This increase in revenue has also benefited individuals working within the industry and has helped to support over 33,000 jobs with more than £1.3bn being pumped into the UK economy as a result.

Whilst the industry is benefiting from the pound’s weakness it is a great opportunity for individuals starting out in the maritime industry to get their foot in the door, however new employees are reminded that they are required to embark on training courses to equip them with the knowledge and skills they need for a successful and safe career at sea.

A valid STCW Basic Safety Training certificate is required from most employees and crew working on-board cruise ships. That covers all the basics you need to work on a commercial vessel.

Elements of the certification include:-

  • STCW Elementary First Aid.
  • STCW Fire Prevention and Fire Fighting.
  • STCW Personal Safety and Social Responsibility.
  • STCW Personal Survival Techniques.
  • STCW Security Awareness.

Getting Started in the Maritime Sector

For those considering a career on the water, at Seahaven Maritime Academy we offer a variety of courses including the STCW Basic Safety Training Course.

Staying true to our ethos of ‘excellent training at a fair price’ the total cost of the course is £590 (including VAT).

If you would like further information then please feel free to get in touch, or if you’re ready to get started take a look at our upcoming course dates.

Share this document

About The Author

Steve Brand
Managing Director

Steve is a highly experienced instructor with a long and impressive track record in safety-critical working environments. Training is much more than a job for him, it is a vocation and his dedication and care for his valued students is second to none.

Comment on Facebook