22 August 2016 16:15
Somerset Chamber celebrates enhanced Hinkley contract values for local businesses
EDF Energy has announced enhanced contract values of an additional £240million for South West supplier alliances, bringing the combined contract values to date for local businesses to over £465million.
This, along with upgraded appraisals on the anticipated spend within the local economy, has been welcomed by the Somerset Chamber as being a real boost for investment and growth across the region.
Responding to the revised figures published today (18th August), Dale Edwards, Chief Executive of the Somerset Chamber of Commerce, said,
“The increase in value of awarded contracts of a further £240million to South West supplier alliances is exciting and encouraging news. Along with EDF Energy, the Somerset Chamber’s Hinkley Supply Chain Team has been working hard behind the scenes with these and other local supplier groups, helping them get into the best position to bid for work at Hinkley Point C, so news like this is always very rewarding.The Somerset Chamber of Commerce manages the Hinkley supply chain portal for the South West and is the first point of contact for Somerset and South West businesses wishing to engage in the construction of the proposed nuclear new build project. For information on registration, work packages and much more, visit www.hinkleysupplychain.co.uk
“This is real evidence of the way in which EDF Energy is using Hinkley Point C to transform how large infrastructure projects can engage and develop local and regional supply chains. It also highlights to other businesses across the South West that the opportunity to be part of this once-in-a-generation project is real, vast and already bringing substantial investment and growth to our whole region.
“The updated analysis estimates that the gross value to the local economy will be over £200million per year during the years of core construction activity, with almost £4billion going into the regional economy over the lifetime of the project. This really does emphasise the economic and social benefits that Hinkley Point C would bring for the South West. The opportunity to be part of the project is very much there for the taking, so I would recommend any businesses not already registered on the supply chain to contact the Chamber and find out how they might be able to get involved.”