Subsea firms call on Government to build confidence through industrial strategy

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Subsea firms call on Government to build confidence through industrial strategy

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Subsea firms call on Government to build confidence through industrial strategy

//business-finance.news-articles.net/content/202 .. uild-confidence-through-industrial-strategy.html

Published in Business and Finance on Saturday, December 14th 2024 at 20:40 GMT by business-live
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Industry body the Global Underwater Hub has voiced concerns that export opportunities could ultimately lead to domestic firms leaving the UK

The article from Business Live discusses the call from subsea industry leaders for the UK government to establish a national strategy to bolster the sector, which is crucial for the UK's energy transition and economic growth. The subsea industry, vital for offshore oil, gas, and renewable energy projects, is facing challenges due to a lack of long-term vision and support from the government. Industry figures like Neil Gordon from the Subsea Engineering Association and others have emphasized the need for a strategy that would not only secure jobs but also position the UK as a leader in subsea technology. They argue that without government intervention, the sector risks losing its competitive edge to international rivals. The call includes requests for investment in skills, technology, and infrastructure to support the transition to net zero emissions, highlighting the sector's potential to contribute significantly to the UK's economy and environmental goals.

Read the Full business-live Article at:
[ https://www.business-live.co.uk/enterprise/subsea-firms-call-government-build-30571475 ]