England’s South West is ideally placed to capitalise on economic opportunities worth £50 billion to the UK economy, according to research commissioned into the region’s nuclear sector.
Emerging research commissioned by Nuclear South West highlights huge opportunities in the region for specialist suppliers and companies not connected with the supply chain. It states that South West-based SMEs, large companies and training providers could supply £15 billion worth of work to the nuclear sector.
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.
Matt Burley, Nuclear South West’s chairman, said: “The size and scope of the South West’s nuclear sector presents opportunities for employers from a huge range of sectors. We want to work with employers from across these sectors, to enable them to benefit from these opportunities and support the region’s success. It’s vitally important that we put measures in place to build on the significant progress made to date, so that the South West can capitalise on the opportunities available to the region.”
The research from Fraser Nash makes key recommendations to enable the industry to capitalise on these opportunities.
- Continue work to ensure that major projects have the skilled workforce they need. This will build on the progress being made across the region’s extensive network of schools, colleges and skills programmes, which are delivering training opportunities for thousands of people.
- Promote innovative skills in the South West to meet demand for the development of Hinkley Point C nuclear power station in Somerset and improve local links to supply future projects.
- Produce a guide to the nuclear supply chain in the South West, to help potential suppliers find out more about how to win work and where to get help and support. This would build on the work of the Hinkley Supply Chain, which has had thousands of registrations, to include opportunities from across the region ranging from new build to decommissioning and defence.
- Support South West companies to connect their skills with new build-reactors at Bradwell B in Essex and Sizewell C in Suffolk. Potential areas of involvement include engineering, project management, planning, logistics and IT.
- Develop proposals to boost cross-sector skills by combining the South West’s defence and civil nuclear supply chains.
Steve Hindley, chair, Heart of the South West LEP said: “The South West’s nuclear sector has the capacity and the capability to service all the industry’s needs. It has an unparalleled body of expertise and track record of delivery across all aspects of new build, decommissioning and defence activity.
“The south west region is poised to take up £50bn worth of opportunities in the nuclear sector over the 10 ten years, and the Heart of the South West LEP, along with other LEP partners and the industry itself, are at the ready to realise this transformation in our local economy.”
Dr Diane Savory, Chair of Gloucestershire’s GFirst LEP, said: “Gloucestershire has an important part to play in supporting the significant planned expansion of the nuclear cluster in the South West. To support this will require investment in training and skills, which we are working closely with partners to deliver to ensure that we can capitalise on the opportunities available.”
Burley added: “The South West is an unparalleled destination for businesses and staff because of its combination of opportunity for growth, access to talent, professional development opportunities and quality of life.
“The South West’s nuclear industry is dynamic, highly skilled and diverse. We are determined to build on the region’s success to build a bright future for the industry in the South West.”