Vertas Group are pleased to support a Memorandum of Understanding (MoU) launched by the Sizewell C Consortium with the East of England, which highlights the long-term benefits for British businesses across the nuclear supply chain. Building Sizewell C will support up to 77,000 jobs over the course of its construction and provide £4.4 billion of investment to the region.
The agreement – a Memorandum of Understanding (MoU) between the Sizewell C Consortium and a number of East of England MPs, business groups, businesses and educational institutes – outlines the potential investment for the East of England during the construction phase of the project, which is expected to last between 9–12 years and play an important role in supporting the Government’s levelling up agenda.
Ian Surtees MBA FIoD, Group Chief Executive Officer, said:
“Sizewell C would be hugely transformative for the Vertas Group. The project is centred around inclusive regional growth and will bring a multitude of socio-economic values to Suffolk, and the East of England.
As a fast-growing, Facilities Management industry leader, the prospect of securing a partnership with Sizewell C and stakeholders would be an important enabler of our growth plans.
Investing in the project has the potential for us to support local communities and would allow us to create high-value jobs through our Suffolk Skills Academy, leaving a legacy for years to come.”
In addition to setting out the investment and jobs opportunities – the East of England MoU pledges to:
- Create long-term opportunities for suppliers from the East of England, based on a pipeline of development from Sizewell C to potential future nuclear projects in areas such as Moorside in Cumbria, allowing confidence to invest and grow
- Boost international opportunities for the nuclear supply chain in the East of England, where the newly announced Freeport East can be used to full effect
- Work alongside local higher and further educational institutes like East Coast College, to ensure world class talent developed in the East of England is encouraged to enter the nuclear and construction industry, estimated to need 30,000 new employees in the next decade.
Research from EY, commissioned by the Sizewell C Consortium, outlines that 73,000 jobs will be supported in the East of England, including 35,000 in Suffolk, if Sizewell C goes ahead. Read the report here.