A new government agreement will aim to streamline processes and cut red tape for members of the maritime industry, including ports.

The coastal concordat aims to improve and simplify regulations, focusing on five key principles. First of all, it wants to enable those seeking regulatory approval to be given a single entry point, streamlining the process. Additionally, it aims to provide one singular lead authority for the Environmental Impact Assessment Directive or Habitats Regulations Assessments requirements.

It encourages regulators to defer responsibilities where appropriate and tasks authorities and advisors on agreeing to certain requirements at the start of projects. These bodies will also be responsible for providing advice to applicants.

Business minister Michael Fallon said: "UK ports face serious competition from overseas ports. [The agreement] sends a clear signal that our ports are open for business and that we are determined to continue attracting the important jobs and investment ports generate here."

Earlier this month, the Department for Transport and the Civil Aviation Authority announced a similar scheme for general aviation, as part of their own red tape cutting challenge.