Are UK shipyard prepared to invest in the future?

Shipyards in the UK should look to invest in their own facilities in order to give themselves the best opportunity to secure government contracts, as well as increasing their competitivity on the international space, according to Shipbuilding Tsar and UK Secretary of State for Defence, Ben Wallace. 

For decades, UK shipyards had faced a gradual decline in workshare, as a numerically shrinking Royal Navy and increased competition from European and other global facilities brought challenges that pushed many businesses to the brink.

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