Launch of £200m Port Infrastructure Fund
The Government is preparing for the end of the Brexit transition period and has launched a fund for ports to build new facilities. New infrastructure at ports will be needed whether or not the UK secures a negotiated agreement with the EU, as the UK is leaving the Customs Union and Single Market and new procedures will be coming into place.
The fund is targeted at those ports that have the space to build new border infrastructure on their current sites so that they are ready to handle new customs requirements under the new Border Operating Model.
The Fund is expected to see ports accelerate their preparations for the end of the year, as well as give industry confidence that all required infrastructure will be delivered on time.
The scheme will provide up to £200 million of funding in one-off grants and is open to all port operators across Great Britain. The funds can be used for a range of vital port infrastructure – from warehouses and control posts to traffic management systems.
Chancellor of the Duchy of Lancaster, Michael Gove, said:
‘We have listened to businesses and the border industry and will continue to work with them to deliver not just a fully operational border at the end of the transition period, but also the world’s most effective and secure border within the next five years. The launch of this £200 million fund will help us do just that.’
The deadline for applications is midday on 30 October 2020.
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