“Now is the time to act if companies want to exploit opportunities in the nuclear supply chain.”
That was the message from John Ransford, Lead Assessor for the Government’s Fit 4 Nuclear programme, speaking at New Anglia Growth Hub’s ‘Energise your Business’ event.
Held at Sprowston Manor on Thursday 12 November, the event highlighted growing opportunities for businesses to capitalise on the wide range of contracts across the energy industry.
Mr Ransford said that there is enormous scope for all sectors, not just manufacturing, to supply power stations across the East of England, UK and worldwide.
“We need controls and electrics, water systems, washing systems, fencing, catering, cooling and ventilation, fabrication, office equipment, transportation and much, much more. We need 10,000 pairs of safety boots, which need replacing every three months.
“If you want to supply nuclear, you’ll need a 60 year order book. Contractors are looking for sustainable relationships over a long period of time. There are 176 reactors to be built across the world. When you think about nuclear power stations, don’t just think about your local one. It’s a case of understanding where your products and capabilities could fit into the supply chain.”
Mr Ransford explained that only companies that can prove that they have the right systems and processes in place will be successful in procuring contracts.
He added: “Manufacturers will have to demonstrate the right culture and behaviour; that they invest in training and, importantly, can achieve zero accidents in the production of their components or delivery of their services.”
The event was organised by New Anglia Growth Hub, which provides free business support and has helped around 4,000 businesses since its launch in June 2014. Other presentations were given by Business Doctors, UK Trade & Investment and GROW:OffshoreWind.
“Competition for contracts is fiercer than ever before,” concluded John Stenhouse, Growth Hub Manager. “Businesses that draw upon the knowledge and experience of our partners, will have the best opportunity to win new business in these lucrative industries.
“We are delighted that over 30 businesses from across the East attended to better understand the opportunities for growth in the energy sector and we look forward to supporting these ambitions.”