The UK’s underwater industry has grown from £8 billion to £9.2 billion in the last 12 months, now supporting over 51,000 jobs. Thereby, the Global Underwater Hub (GUH) has called on the UK Government to recognize the scale and potential of the industry and to deliver an industrial strategy to boost investor confidence.

GUH’s new research revealed that the industry has both the capacity and capability to accelerate the global energy transition but only if project certainty is secured. According to the 2024 Business Survey, capacity has increased from 55% to 67% and there is a more positive assessment of supply chain capacity and, overall, market prospects remain high driven by the wide range of opportunities across all its markets, most notably in offshore energy.