The government will direct multi-billion pound investment into British shipyards through projects supporting the Royal Navy’s submarine service and marine research. Three floating docks for the submarine service at HM Naval Base Clyde will be procured through a UK-only competition under Programme Euston. The facilities will support inspections, upgrades and repairs for the UK’s current and future nuclear-submarine fleet. A new marine research vessel, due to become operational in the early 2030s, will replace the existing vessel as it nears the end of its service life. Its research will support the security of UK seas, sustainable fishing and coastal communities. Chancellor John Healey said the investment would back British jobs and businesses, while Defence Secretary Wes Streeting said it would strengthen sovereign capability and support the reindustrialisation of Britain.