How Brexit could make the north the first port of call

Liverpool2

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 is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now