Partners have welcomed a £200m agreement between the nuclear industry and government which paves the way for major new investment and further job creation in the South West.
The South West is ideally placed to capitalise on economic opportunities worth £50bn to the UK economy, according to research commissioned into the region’s nuclear sector.
Emerging research commissioned by Nuclear South West highlights huge opportunities in the region for specialist suppliers and companies not connected with the supply chain. It states that South West-based SMEs, large companies and training providers could supply £15bn worth of work to the nuclear sector.
Sellafield Ltd will invest up to £850,000 in innovative projects that will better equip and support nuclear decommissioning operators working in hazardous environments.