UK: New decom site at Tees Valley could create 1000 jobs

The UK Government has outlined plans to launch two new Enterprise Zones while extending several more of the thriving business hubs, promising businesses across the country a major boost.

When it comes to oil & gas, the initiative will bring a new site at the Tees Enterprise Zone that will focus on the decommissioning of offshore oil and gas – a new sector for the UK.

According to the UK Government, Tees is strategically placed to develop the fledgling sector due to its close proximity to the oil fields of the North Sea. The move will deliver more than 120,000 square metres of floor space and provide space for nearly 1,000 jobs;

Overall, the Government will be extending seven of the 24 existing Enterprise Zones.

Blackpool and Plymouth will become new Enterprise Zones, set to benefit from the business incentives and world-class infrastructure that Enterprise Zones bring to their local economies and communities.

The Government is also looking to add two new sites to the Discovery Park Enterprise Zone in Kent, while extensions have been rubberstamped for Motor Industry Research Association Technology Park in the Midlands, Humber, Leeds, Mersey Waters, Manchester and Oxford and the above mentioned Tess.

Local Growth Minister Penny Mordaunt said: “Enterprise Zones are driving forward our economy, creating thousands of jobs and attracting billions of pounds in private investment. Extending the programme as part of our long-term economic plan means we can build on that success, allowing hundreds more companies to benefit from the top-class business incentives and world-class infrastructure that these thriving business hubs offer. It will mean thousands more jobs for hard-working people and a real boost to local business.”

The changes are expected to start from April 2016.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply