CBI Director-General visits London Boat Show
On a visit to the 2012 Tullett Prebon London Boat Show, John Cridland, CBI Director-General, said small and medium-sized companies are key to the international success of the UK marine industry, especially in emerging markets.
Mr Cridland accompanied senior representatives from the British Marine Federation on a visit on Tuesday to companies including Oyster Marine, Fairline, Sunseeker and Raymarine.
Mr Cridland said:
“The supply chain of the UK’s marine industry is the bedrock of why we can sell multi-million pound yachts to high-wealth consumers in parts of the world other than our traditional markets, because they want to buy British brands.”
International trade in the UK marine industry was valued at £1.073bn in 2010/11, which was 37% of the industry’s total revenue. In UK boat manufacturing, the international market accounts for 64% of revenue.
For photographs of Mr Cridland at the 2012 Tullett Prebon London Boat Show, please go to: /media-centre/news-articles/2012/01/in-pictures-john-cridland-at-the-2012-london-boat-show/, and for video coverage visit: www.cbi.org.uk/media-centre/videos/
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.
