Contracts worth more than £1.3 billion at Hinkley Point C have already been awarded to South West businesses, according to government figures released last week. However, this is just the tip of the iceberg according to the Hinkley Supply Chain Team, which says that the opportunity to benefit from the project and create an industrial legacy for the region is only just beginning. Published by the Department for Business, Energy and Industrial Strategy (BEIS), the Hinkley Point C Wider Benefits Realisation Plan outlined that £650 million has already been spent with businesses in the South West, with a further £700 million worth of contracts entered into with regional suppliers. Sam Evans, Head of Hinkley Supply Chain Engagement said: “With £1.3 billion of contract value recently confirmed as going to Somerset and South West firms, the economic and skills boost to the region is significant. The contracts are being secured in a very competitive market that sees a national and international supply chain competing for work.
Business Leader 23rd July 2018 read more »
South West companies could be in line to secure work worth up to £15bn in the nuclear sector, according to new research. A report by Fraser Nash for Nuclear South West said the region is well placed for a slice of £50bn worth of economic opportunities for the UK with SMEs, large companies and training providers all standing to gain. Projects include the construction of a new tranche of power stations, decommissioning four existing sites and the development of new reactor designs. In addition, skills could be transferred to support the UK’s nuclear submarine programme at Devonport in Plymouth and across the South West.
Insider Media 25th July 2018 read more »