Figures from the latest Superyacht UK Annual Survey reveal that the national superyacht industry is buoyant and growing, despite uncertainty and financial volatility surrounding the EU referendum.
International demand for British products, services and expertise helped to grow industry revenue by 11.5 per cent to £605 million in 2015 and 2016 — the fourth consecutive year of growth. Over the same period, the sector contributed £273 million in GVA to UK GDP (+6.1 per cent) and full-time employment rose by 4.5 per cent to 4,125.
“The superyacht sector continues to outperform the rest of the marine industry and the domestic economy,” says Peter Brown, senior sales broker at Burgess and chairman of Superyacht UK, the dedicated association of British Marine. “The decision to leave the EU is likely to dampen this growth, but the sector is showing confidence going into the end of the year. This is because we have less exposure to domestic economic risk and a depreciation in sterling has strengthened the purchasing power of our overseas buyers.”
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Between 2016 and 2017, five member companies of the Barcelona Clúster Nàutic have invested up to 92.3million Euros in their facilities in a bid to expand capacity and services for superyachts visiting the Catalan capital.
