Nuclear SW – delivering £50 Billion of nuclear opportunities to the South West business community and workforce over the next decade.

HotSW LEP is working hard to ensure that the catalyst of the first new nuclear build project in the UK for a generation at Hinkley Point C in Somerset, provides a lasting sustainable economic legacy for the HotSW area and beyond.

The current construction at Hinkley is estimated to cost £20billion, with a significant proportion of that investment potentially being spent within the UK and the South West. The LEP is not funding any of this cost, and the area is set to benefit from the employment, skills and supply chain opportunities that Europe’s largest project will bring.

There is a significant nuclear sector cluster group – Nuclear South West. which is a partnership of Industry, academia, skills, business support and public sector stakeholders. The Cluster Aims to secure the benefits of this investment to the local business & resident community, as well as maximising the benefits from the wider sector in terms of the whole civil nuclear life-cycle as well as nuclear defence. Nuclear South West is capitalising on the South West’s unparalleled strength and potential in the global nuclear industry; and generating transformational economic benefits to the UK and regional business community. The facts and figures are:

  • There will be at least £50billion worth of contracts available to south west companies across 15 projects over the next 20 years in new build, decommissioning and defence.
  • There are over 180 nuclear companies and organisations in the area, with over 8,000 highly skilled workers;
  • 70% of the UK’s low carbon electricity comes from nuclear power stations; and two new ones are being built at Hinkley Point – creating 25,000 new jobs and £100m to the local economy;
  • A further SW new nuclear build is planned for at Oldbury in South Gloucestershire.
  • Former SW nuclear power stations are being de-commissioned with parts of their estates used for the creation of new skills development and business  / technology parks (Berkeley in Gloucester and Winfrith in Dorset)
  • There’s a £1.8bn nuclear defence programme at Devonport in Plymouth; The LEP has collaborated with the West of England Combined Authority and the Welsh Government to fund a three year Hinkley Supply Chain Support Service.

We have an impressive suite of assets to support this ambition which includes the following activity specifically supported by investments secured by the HOTSW LEP:

Additionally there are other key initiatives across the wider SW, which add value to and compliment the wider offer, which include:

The partnership includes HotSW LEP, West of England LEP, Dorset LEP and Gloucester First LEP.

Nuclear SW is charged to develop a programme of activity to ensure that business and the workforce have the capability and skills that are required at the right time.

Across the South West economic landscape we recognise the significance of the nuclear sector and its supply chain. We are committed to working collaboratively across the South West to ensure we maximise the benefit to UK plc from predicted growth in the nuclear sector. We have shared ideas, concepts, and proposals that support individual plans developed in our strategic economic plans and to ensuring that they are delivered collaboratively across the region.

We see significant benefit and potential for our part of the world to be at the very forefront of developments in this important global sector.

The evidence for this was highlighted in a report we commissioned earlier this year, the link to which is below. This was also reinforced by the conclusions of the South West and Wales Science and Innovation Audit that highlighted our world class nuclear industrial expertise.

Nuclear SW will market these activities coherently and continue to shape an environment that encourages greater inward investment from key companies; and further develops the localupply chain while making sure that the innovation, research and development needs can be delivered locally; as well as providing a skilled workforce.

Recent progress includes

  • Supporting the implementation of the UK Governments Nuclear Sector Deal Matt Burley, Director with PwC – Chair of Nuclear South West.
  • Attended the 2018 World Nuclear Event in Paris, where contacts were made with over 100 overseas businesses looking to collaborate with SW based SME’s
  • Secure collaborations formed with overseas Nuclear Clusters
  • Heart of the South West LEP partnering with West of England and the Welsh Government to invest in an HPC Supply Chain support service. Of which the significant highlights have been
      • Engaged with over 30 Tier 1 contractors to the HPC project
      • Over 90 work packages identified and assessed
      • £200 Million opportunity pipeline over the next 6 months
      • Over 2000 companies matched across the region to the opportunities
      • Over 300 companies have started the support journey through the programme
      • 50 companies have received intensive support
      • 12 companies have been supported to invest in the region

      More details can be found in the annual report included with relevant documents below.

  • Heart of the South West LEP investing in the Hinkley Point Training Agency, an innovative approach to delivering the skills requirement to ensure that local people gain jobs on the project.
  • Three LEP collaboration together with a number of Local Authorities to ensure that inward investment opportunities are maximised.
  • High profile presence at the 2018 Department for International Trade Civil Nuclear Showcase.
  • Lord Hutton provided the key note speech at the 2018 NSW Conference

We will post regular updates here –also visit http://www.nuclearsw.co.uk/ for news of upcoming events, and for more detail about specific projects.

In 2016 the Nuclear South West partnership held an event at Westminster – Nuclear South West – Powering the UK’s Nuclear Future – to showcase the strength in this sector Read about the event here and see the video which gives a snapshot of Nuclear South West.

The LEP’s New Nuclear Coordinator is Corinne Matthews, and she can be contacted by phone or email – corinne.matthews@heartofswlep.co.uk 07881 218670

 

 Related Documents:

Power in numbers

Download the power in numbers infographic

nsw-power-in-numbers

Productivity Strategy

Strategic Economic Plan

The LEP’s overarching strategy for economic growth

ESIF

European Funding Strategy

Nuclear South West

South West LEP and business partnership maximising nuclear sector potential.

iAero

South West LEP and business partnership maximising aerospace sector potential.

Greater Connected

South West LEP partnership to improve road, rail and broadband connectivity.

Devolution

Local Authorities led partnership for Devolution Deal for Devon, Plymouth, Somerset and Torbay.

Digital Skills Partnership