Civil engineering firms in the East of England are being encouraged to bid for up to £500M worth of deals at Hinkley Point C to help ready themselves for potential new nuclear builds in Suffolk and Essex.
EDF Energy, which is responsible for building the new nuclear power plant in Somerset along with CGN, is encouraging firms to bid for the deals ahead of plans for two nuclear power stations at Sizewell C in Suffolk and Bradwell B in Essex.
The drive to build a nuclear construction supply chain around Suffolk and Essex is being supported by Lloyds Banking Group, which has offered up a dedicated £100M infrastructure fund to provide SME businesses with the resources to bid for supply chain contracts.
The bank is also working closely with potential suppliers to help them secure contracts by advising them on how best to address skills shortages, improve financial practices and explore the possibility of joint ventures, as a way of securing contracts.
A supply chain seminar set up by investment promotional agency Invest Essex, alongside EDF, Lloyds Banking Group, Invest in Suffolk, Suffolk and Essex Chambers of Commerce has already taken place.
Invest Essex inward investment manager Robert Edge said: “Business does not see a county border, just opportunities.
”It is a challenge for both Essex and Suffolk to maximise the supply opportunities, which is why Invest Essex put this event together so that, with our partners in Suffolk, we can help get companies into the nuclear supply chain.”
Organisations that wish to apply for contracts, as part of the Hinkley Point C development have been urged to register their interest on the Hinkley supply chain website.
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