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Scale of economic contribution of Lowestoft and King’s Lynn ABP ports revealed

10:43 03 September 2014

Boat in Lowestoft Port. 

Picture by Craig Butcher

Boat in Lowestoft Port. Picture by Craig Butcher

The scale of the economic contribution of Associated British Ports’ (ABP) three ports in East Anglia has been revealed in a new report by independent consultants Arup.

Together, the three ports - King’s Lynn, Lowestoft and Ipswich - contribute £340million to the UK economy annually and support 5,000 UK jobs, it said.

The new statistics show that, of those totals, ABP’s East Anglia Ports contribute £241m directly into the regional economy and support 3,577 jobs in the area.

The three East Anglia ports handled 2.2m tonnes of cargo in 2013.

It’s a diverse business, with Ipswich exporting almost 500,000 tonnes of grain for local farmers as well as importing 140,000 tonnes of cement and more than 300,000 tonnes of aggregates annually to support the local construction sector.

Lowestoft is a renewable energy hub and key to the development of the offshore wind industry, while King’s Lynn is vital to the agricultural sector, handling 350,000 tonnes of agricultural products every year, the report reveals.

The three ports combined handled more than 1.3m tonnes of agribulks and 150,000 tonnes of timber in 2013 and play a key role in connecting the region to ports across the North Sea and beyond. ABP also has a pair of five-gold-anchored marinas at Ipswich and Lowestoft providing 500 marina berths and extensive facilities supporting marine based leisure & tourism.

ABP says it is committed to developing its three ports in East Anglia, with a programme of investment expected to increase their contribution to the regional economy by £24m annually.

Andrew Harston, ABP Director based in Ipswich with responsibility for ABP’s 11 short sea ports, said: “Our ports in East Anglia are a cornerstone of the regional economy, vital for the construction industry, key to farmers accessing global markets and essential for the further development of the offshore wind industry.

“I’m proud to report both these impressive figures and our determination to build on this success with a programme of investment that will deliver growth for the regional economy.”

3 comments

  • I believe the picture says it all ship waiting to be scrapped in a port which needs updating regenerating. Yes Lowestoft could be a premier port on the east coast for small ships but the owners of the port have to invest in the port to make it work the amount of people employed at the port numerically three small apart from the outer harbour which supply docking for maintenance vessels for the windfarms not much else happens and that is very very sad.

    Report this comment

    Peter Colby

    Saturday, September 6, 2014

  • what about the new port at Yarmouth? ;-)

    Report this comment

    Parsnip

    Friday, September 5, 2014

  • I think that the photograph says it all. The photograph is that of a redundant ship designed to be cut up for scrap, I believe the contract has just been placed. Lowestoft needs a tremendous amount of infrastructure update, a new road system to attract the trade which is in the North Sea and is available to the port of Lowestoft. But the dream is to turn it into a hub for wind farm activity servicing, using small boats operating from the outer harbour. The port of Lowestoft could be much more if you consider is geographical location with regards to Europe, I certainly do not believe the contribution it gives both in jobs and trade the article portrays. The port needs investment to make it a meaningful asset to the regeneration of Lowestoft.

    Report this comment

    Peter Colby

    Thursday, September 4, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

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