The UK government has launched a £200 million ($258 million) fund for ports up front its exit from the EU Customs Union.
With this new infrastructure, the ports will be required irrespective the UK affixes a negotiated agreement with the EU, will new procedures to follow. Additionally, £270 million has been allocated to inland custom facilities wherever infrastructure is not located at ports.
With the announcement of successful bids, the deadline for application is on October 30.
Starting January 31, 2021, the UK has taken the decision to introduce new border controls in three stages, owing to the coronavirus pandemic.
Commenting on this, the Chancellor of the Duchy of Lancaster, Michael Gove said that within the next three months, until the end of the UK transition period, the businesses will have to prepare to follow the new procedures which will come into place irrespective UK reaches a trade agreement with the European Union.
Upon listening to businesses and the border industry, they will continue to work with the EU to deliver not just a fully operational border at the end of the transition period, but rise to the world’s most effective and secure border in the next five years, he added.
The UK ports industry has also welcomed the launch of the government’s new Port Infrastructure Fund representing the interest of over 100 port members.