Energy services company Proserv is investing into a new, £7 million worth, purpose built technology center for subsea controls and communications in Great Yarmouth, England.
Proserv said on Monday that the move would see around 190 employees consolidate from two sites in the area into the new 65,000 square feet Beacon Park site in Gorleston-on-Sea.
The facility will consist of an office, manufacturing and yard space and provide the flexibility to add a further 20,000 square feet of workshop capacity, Proserv explained.
The company further added that the construction would begin next month with the building expected to be completed during March 2018.
David Lamont, Proserv CEO, said: “Investing in this new facility firmly underlines our long-term commitment to Great Yarmouth and plans for growth in the area.
“The center will serve as a global hub and center of excellence for our subsea communication and controls activities and ensures we remain at the forefront of our field. I would also like to extend my sincere appreciation and gratitude to Great Yarmouth Borough Council for their unwavering support over the years in getting us to this exciting stage.”
Beacon Park is part of the Great Yarmouth and Lowestoft Enterprise Zone, which focuses on attracting and supporting energy-related businesses within the East of England. Great Yarmouth Borough Council has invested £4.5 million ($5.8 million) in the base, which the council is also developing, with £1.5 million ($1.9 million) coming from New Anglia LEP’s Growing Places Fund. Proserv will fund the remaining sum.
In a joint statement, the council’s political group leaders, Graham Plant, Kay Grey, Trevor Wainwright, and Adrian Myers, said: “This landmark development on the Enterprise Zone reflects Great Yarmouth long-standing position as a global offshore energy capital and Beacon Park’s reputation as the location of choice for energy investment and growth.
“The borough council is committed to supporting any businesses with aspirations to relocate to or expand within the area.”
News of the latest development comes after Proserv recently secured over £12 million ($15.5 million) in contract awards for its new-build, after-market, and decommissioning services.
In May, Proserv’s Great Yarmouth team won another project award for the engineering, supply, and installation of a subsea control system for the Finlaggan gas condensate development operated by Zennor Pathway in the Central North Sea. The control system will include Proserv’s Artemis 2G subsea electronics module.