Business and Trade Secretary Jonathan Reynolds said: “This deal is a major vote of confidence in the UK from Navantia, which will not only secure the future of UK shipbuilding but protect 1,000 jobs across the country and bring future investment into shipbuilding right across the UK.
Deal struck to save Titanic shipbuilder Harland and Wolff A deal has been struck to save troubled shipbuilder Harland and Wolff with Spanish state-owned business Navantia stepping in to buy it.
The deal, which is subject to regulatory approval, will secure 1,000 jobs at Harland and Wolff’s four shipyards – one in Belfast, two in Scotland (Methil on the Firth of Forth and Arnish on the Isle of Lewis) and one in England (Appledore in north Devon).
The Government has also agreed to amend the Fleet Solid Support (FSS) Programme contract with Navantia to ensure the company can “still deliver on the contract and build all three Navy ships”.
Harland and Wolff, which famously built the Titanic, is a subcontractor in part of a consortium that landed a major contract to build new fleet solid support ships for the Royal Navy.
