The Welsh Government commissioned Miller Research (in partnership with Beaufort Research, Cogent and Oxford Economics) to conduct a unique study of the current and latent capability within Wales to service the demands of the nuclear sector. The scale of future opportunities in the nuclear sector is substantial, with the Nuclear Decommissioning Agency expected to spend £1.6bn per annum on UK decommissioning activities for many decades to come; and nuclear new build expected to cost in the region of £10bn per station. Clearly there are very significant opportunities available for businesses which are positioned to take advantage of them.
During Autumn and Winter 2013-14, we contacted businesses across a wide range of disciplines, but especially those involved in engineering, technical, environmental, construction, IT, project management and services, R&D and manufacturing – to understand their potential for supplying the nuclear industry.
The report, which was officially launched on April 7th 2015, estimates that planning and construction costs for Wylfa Newydd will be in the region of £14 billion (up to 2024 and allowing for inflation), while a further £3.7 bn will be contributed ( up to 2033) once operational. Having consulted with around 1,000 potential suppliers, the report identified an action plan that would help Welsh businesses capitalise on the opportunities. Subsequently, a pilot programme to address the issues highlight and to improve the readiness of Welsh businesses. At present, there are plans to roll out the programme across Wales.
To access the report follow this link to the Welsh Government’s official download page…[http://gov.wales/topics/businessandeconomy/sector/energy-and-environment-sector/150407-wales-study/?lang=en]