How Brexit could make the north the first port of call


England’s northern ports are benefiting from investment as operators aim to take advantage of the UK leaving the EU.

On the banks of the River Mersey, operator Peel Ports has invested £400m in constructing Liverpool2 over the past three years. On completion of its second phase in 2019, this will be one of Europe’s most advanced container terminals, based at what is already the UK’s largest transatlantic port.

A similar story is unfolding across the country at the Humber estuary, where Associated British Ports (ABP) is in the middle of a multimillion-pound investment project upgrading the ports of Hull, Immingham, Grimsby and Goole.

On the surface, this type of investment runs contrary to the public narrative that Brexit is putting a freeze on major infrastructure spending. But dig a little deeper and it becomes apparent that Brexit, and in particular the prospect of a no-deal scenario, is providing additional justification for investments that will have significant long-term implications for regional property markets.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue