Chamber News

Suffolk Chamber event: key speech from EDF Energy CEO and local manifestos launched

Suffolk Chamber event: key speech from EDF Energy CEO and local manifestos launched

 

Over 120 leading local businesspeople who attended Suffolk Chamber of Commerce’s latest networking event last month were given important up-to-date information about the Sizewell C project and an early sight of the Chamber’s local campaign priorities.

Simone Rossi, chief executive of EDF Energy, spoke about the company’s confidence about the contribution a new nuclear power station at Sizewell C would make to the UK’s energy mix and security of supply.

Simone showed how the ‘fleet effect’ whereby the costs of subsequent stations is lower than the original one will mean that the proposed Sizewell C power station on the east coast will cost less than Hinkley Point C in Somerset.

The Suffolk Chamber event followed the Government announcement this week of a Nuclear Sector Deal which recognises the vital role nuclear plays in the UK as part of a low carbon energy mix and as a major source of jobs, skills and industrial strength.

Simone outlined that by replicating the design at Sizewell C in Suffolk and exploring new financing options, EDF Energy can significantly reduce costs in line with the aims set out in the Nuclear Sector Deal whilst still retaining the significant economic benefits for the region. 

Over 1300 companies have already take the initiative in getting themselves prepared for potential opportunities by signing up to the Sizewell C Supply chain website (https://www.sizewellcsupplychain.co.uk/), which is managed by Suffolk Chamber.

Suffolk Chamber launched its manifesto for business earlier this year. The manifesto set out three broad areas in which it would concentrate its lobbying efforts: reducing regulations, improving access to all markets and giving business the tools to do the job.

Now each of Suffolk Chamber’s town areas: Bury St Edmunds, Greater Ipswich, Haverhill & District, Lowestoft & Waveney and Newmarket & District plus Suffolk Business Women have agreed upon a programme of campaigns to deliver the three themes at a grassroots level.

John Dugmore, chief executive of Suffolk Chamber said “this was a particularly interesting Chamber even which sends out some important and positive messages to the Suffolk business community.

“Firstly, the business case for a new nuclear powers station at Sizewell gets more compelling by the month.

 “Firstly, the business case for a new nuclear powers station at Sizewell gets more compelling by the month. The Government’s announcement of the Nuclear Sector Deal is especially timely.

“The Deal emphasises the importance of helping businesses to both get ‘nuclear ready’ and ensuring that local supply chains are enhanced to maximise the positive impact of building new nuclear stations. With Suffolk Chamber running the Sizewell C Supply Chain on behalf of EDF Energy, we are very much looking forward to working with partners on expanding this and associated services.

“Secondly, whether it’s the big ticket campaigns affecting all businesses in Suffolk or more localised campaigns, Suffolk Chamber will continue to be the voice of business in the county.”

Highlights of the 2018 AGM

Article by Suffolk Chamber