£1.3 billion Hinkley contracts ‘just the tip of the iceberg’ for South West
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.
“The Hinkley Supply Chain Team has been championing the opportunity that Hinkley Point C construction brings, not only for the economic value and employment but also for the catalyst it represents to drive up skills, leadership and supplier capability. Our work in the last 12 months has engaged with 21 Tier 1 contractors, identified 84 work package opportunities and promoted over 1,600 supplier matches for these requirements.
“While much of the engagement so far has been focused on services, earthworks and early civil construction, the Hinkley Supply Chain Team is now progressing more of the manufacturing requirements as the project presents its mechanical and electrical contract opportunities. Engaging with local manufacturers to deliver these contracts is critical to develop the industrial legacy for the region that EDF Energy has outlined as a priority for the project.”