The Heart of the South West and West of England have launched a new business support service to enable small and medium-sized businesses take up the multiple supply chain opportunities from EDF’s new build of two nuclear reactors at Hinkley Point C. The service contract allocated £1million, jointly funded by the two LEPs, over a three year period.
It’s widely recognised that the economic opportunities created by Hinkley are vast, and this new service is here to make sure that local businesses are equipped to take advantage of these commercial contracts.
The LEPs have commissioned a consortium led by SWMAS Ltd working with the Somerset Chamber and Business West, and managed by the Economic Development Team at Somerset County Council.
It’s part of the Nuclear South West (NSW) partnership which brings together the nuclear industry, LEPs, the education sector, local authorities and business support agencies. Nuclear South West aims to capitalise on the south west’s unparalleled strength and potential in the global nuclear industry.
The contract includes a Nuclear South West Inward Investment Service, which will work with firms from out of the region who are working in the nuclear market to integrate into the local economy, stimulating employment and collaborating with local businesses.
The SME Business Support Service will build on the work of Somerset Chamber of Commerce and the Hinkley Supply Chain Team by focusing more resources on encouraging businesses to register as potential suppliers; working with EDF and their larger suppliers to release information on opportunities and matching this with local firms. The team will also support businesses at all levels of the Hinkley supply chain to help them develop their capability and capacity to supply the nuclear industry.
The two new services are part of the wider Hinkley Supply Chain Programme which already includes the Somerset Energy Innovation Centre and Private Sector support from the EDF Energy sponsored Hinkley Supply Chain Team.
Businesses wishing to find out more about the Hinkley Supply Chain programme should contact the Hinkley Supply Chain team on 01823 443425 or by visiting: www.hinkleysupplychain.co.uk
HotSW LEP funding: £1m
Total funding: £2m
Started: April 2017
This project forms part of the Nuclear South West strategy – a strong partnership between three south west LEPs (Heart of the South West, West of England and GFirst) the nuclear industry, local authorities, academic and skills sectors and business support agencies – generating £55bn of nuclear opportunities over the next decade