Business

Another Year Of Growth For UK Superyacht Industry

The number of workers employed in the industry has increased by 1% to 5,155.

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The number of workers employed in the industry has increased by 1% to 5,155.

Business

Another Year Of Growth For UK Superyacht Industry

The number of workers employed in the industry has increased by 1% to 5,155.

Share this article

Britain’s superyacht industry has recorded its seventh year of consecutive growth, new figures show.

Revenues rose to £660 million in 2018/19, an increase of 7.1% on the previous year.

The number of workers employed in the industry increased by 1% to 5,155, with 45 new yachts built, one fewer than the previous year.

Two-thirds of UK superyacht revenue comes from exports, with the United States and Eurozone accounting for half the UK export market.

The US took 41% of exports, having grown from 34% in 2018.

Alan Jones is PA Industrial Correspondent.

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Another Year Of Growth For UK Superyacht Industry

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