South West companies in line for £15bn boost in nuclear sector

Wednesday 25th July 2018

According to new research, reflected in a report by Fraser Nash of Nuclear South West, the South West is well placed for a slice of the £50bn worth of economic opportunities for the UK with SMEs, large companies and training providers all standing to gain. For more details please read the bulletin below which was issued today Insider Media Ltd.

Roger Mundy, Managing Director, Beardsley Theobalds, 25th July 2018


South West to receive £15bn nuclear boost

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.

Matt Burley, Nuclear South West 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."

Dr Diane Savory, chair of Gloucestershire’s GFirst LEP, added: "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."