Nuclear related investments planned for Cumbria’s West Coast are forecast to be in the order of £90bn
As well as the ongoing decommissioning of the Sellafield Ltd site for which the annual budget alone is £1.8bn there are also plans for enormous investment in three to four new nuclear power stations and major associated infrastructure.
These are not just construction projects but will offer a huge diversity of procurement opportunities including manufacturing, technology, professional business and personal services. Much of this will be provided by primary and secondary suppliers bringing key resource in from other locations as and when necessary to complement locally recruited employees.
Eden-based Barrnon Engineering have recently taken advantage of Nuclear Opportunities with the help of funding from Innovus by developing their trawling equipment for scallop fishing to lifting sludge from Sellafield's storage ponds.
“Innovus provided a first class interface for us, examining our ideas and giving us confidence to explore the nuclear market and then provided us a stage to demonstrate our products to industry leaders." Andy Barr, Managing Director.
Sellafield Ltd. Forecast Supply Chain Spend
Sellafield Ltd advertises its Procurement Opportunities through several processes that are all linked and are available on the Suppliers section of the Sellafield website
Proposed nuclear new build in West Cumbria
NuGen, a UK nuclear company, is a joint venture between Toshiba and GDF SUEZ. NuGen’s Moorside project aims to develop a new generation nuclear power station of up on land in West Cumbria.
The Moorside project is currently in the development phase. This phase will cover site assessments to confirm site suitability in 2015, secure a nuclear site licence in 2018 with a final investment decision taken by the end of 2018. On this basis, the expectation is that any new power station would be commissioned around 2024.
Find out more on NuGen's website