JDR Cable Systems, a subsea cable and umbilical supplier and servicer, reached final agreement under the U.K. government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.
JDR is now on track to start construction this summer with opening planned in 2024. The new £130 million U.K. Export Finance (UKEF) Export Development Guarantee is set to create 171 local jobs on completion, while safeguarding 270 jobs at existing JDR facilities.
“Our offshore wind sector is a major industrial success story that delivers cheaper energy for consumers and high-quality manufacturing jobs across the U.K. Investments such as this from JDR, with government backing, are exactly the kind which our British Energy Security Strategy will attract, while reducing our exposure to volatile global gas prices,” said Kwasi Kwarteng, U.K. Business and Energy Secretary.
“Now more than ever it’s critical to push forward with the U.K.’s offshore energy ambitions, and we are delighted to take this major step forward in delivering the new site at Blyth,” said Tomasz Nowak, JDR CEO.
“JDR’s investment in Blyth shows how attractive the U.K.’s renewable energy sector is, supporting jobs, growing the economy, and leveling up the U.K.,” said Minister for Investment Gerry Grimstone.
More info www.jdrcables.com