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3 February 2025
Renewable Energy

New Study Highlights Potential Scale of Nuclear Opportunity for Welsh Businesses

A new study published by Cwmni Egino highlights the signifcant opportunity for business growth in Wales as a result of future nuclear investment.

The research has identified 345 Welsh companies, 114 of them located in North Wales, currently delivering contracts for existing nuclear sector decommissioning and new build activity. The value of these contracts equates to £160m and £63m in sales for Wales and the North Wales region respectively.

This could increase to around £1bn of supply chain spend in Wales per annum in the next 10-15 years if the projected and potential investment in nuclear in the UK is realised. It is estimted that approximately £595m, over 50% of the Welsh national spend, would come to North Wales.

Based on a broad analysis of the Welsh supply chain across a range of categories relating to nuclear sector requirements, the study estimates that there are in excess of 10,900 companies across Wales which could supply goods and services to support existing and new nuclear projects in years to come.

The ‘Nuclear Supply Chain Capability Study: Wales’ was commissioned by Cwmni Egino and undertaken by Gardiner & Theobald, in association with Welsh SME consultants.

The aim of the research was to provide a more detailed baseline evaluation of the potential scale of opportunity from nuclear decommissioning and new build projects for Welsh businesses, and to gain a richer understanding of the capacity, capability and appetite of the known and potential supply chain in Wales to work within the nuclear sector.

Cwmni Egino is a Welsh Government funded company tasked with facilitating widespread benefits from nuclear for Wales, with a particular focus on socio-economic regeneration in North Wales.

Alan Raymant, Cwmni Egino Chief Executive said:

“There is clearly the potential to grow activity within the Welsh nuclear supply chain through the projected increase in nuclear decommissioning and new build expenditure arising from both UK wide programme opportunities and regional-specific projects located in Wales, namely at the Wylfa and Trawsfynydd sites.

“It’s clear from the study that the strength of the Welsh supply chain is largely in the SME sector, especially in North Wales where smaller companies are particularly well positioned to supply goods and services for the nuclear sector.

“There is an opportunity for organic, sustainable growth, harnessing the expertise of companies already active in nuclear as well as attracting new entrants who may not currently identify as ‘nuclear’ but have the appetite and potential to supply the sector.”

Alan added:

“We’ll be sharing our study findings widely so that we can drive discussions with key partners, including Welsh Government and regional and industry bodies, around areas of potential support to help businesses prepare for future opportunities.

“We will also continue to make the case for nuclear investment in North Wales and promote the need for clarity around the future UK nuclear programme as soon as is possible.”

Mark Blackwell, Managing Director of Anglesey-based DU Construction, is one of the North Wales business owners hoping to capitalise on new nuclear investment in the region.

He said:

”We secured early contracts with Horizon Nuclear Power to support enabling works on site. This was a major boost to the company allowing us to grow and take on more staff.

“Despite Wylfa Newydd not going ahead last time around, we remain hopeful that things will happen again soon. It would be good for us but also for the island, bringing long-term jobs here. Like many other local companies, we’re ready to step up again.”

Tenet Consultants is one of the many companies planning to grow their business in North Wales in response to the opportunities presented by the nuclear sector.

Huw Brassington, Head of their Wales Office, said:

“With many exciting large projects coming forward – and especially with the potential for nuclear investment – we are confident that North Wales has a bright future and are dedicated to contributing to this future in a meaningful way. By offering apprenticeships and highly paid jobs, we aim to attract engineers and designers back to Wales.”

Huw added:

“Our diverse and mature portfolio of current work in the British nuclear sector gives us the flexibility to begin the process of building our base in North Wales immediately, without reliance on projects in the region. This means that when a project finally lands we will have a team of engineers and apprentices, developed from the local area, ready to hit the ground running.”

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