International industrials and energy group, the GFG Alliance, welcomed today’s Hendry report on tidal lagoons as a ‘game-changer for British industry.’
The report concluded that tidal lagoons off the coast of Wales and the North West would not only help deliver security of power supply and meet green targets, but would bring ‘real and substantial opportunities’ for the UK supply chain.
Jay Hambro, chief investment officer for the GFG Alliance said: “This document marks a genuine leap forward for the prospects of a green revival of UK industry, leading to many thousands of skilled jobs in Wales and across the UK. Tidal lagoon power represents a unique opportunity for Britain to build a world-leading industrial future, based on sustainable resources. The planned programme of lagoons would be a true game-changer for our metals, engineering and manufacturing sectors.”
The GFG Alliance, which includes energy group SIMEC and metals and engineering group Liberty House, told the Hendry team that tidal lagoons would play a crucial role in its own GREENSTEEL strategy to develop low-carbon and competitive steel production and high-value-added manufacturing in the UK.
Mr Hambro added: “We are firmly focused on the delivery of a clean, competitive, integrated and sustainable enterprise that will stimulate industrial renewal in Britain, the Hendry report is a real milestone on the road to that goal.”
Further information from Eoghan Mortell 07977 555116 or
Jess Beeken/Anthea Crowe 029 2045 5182