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JDR wins final grant for new subsea cable facility
Official Press Release JDR Cable Systems:
Final grant agreement reached for £130m Blyth subsea cable facility
JDR Cable Systems (JDR), the global subsea cable and umbilical supplier and servicer, part of the TFK Group, has reached final agreement under the UK government’s Offshore Wind Manufacturing Scheme (OWMIS) on financial support for its new state-of-the-art subsea cable manufacturing facility in Cambois, near Blyth, Northumberland.
The agreement means JDR is on track to begin construction in summer 2022, with a planned opening in 2024. The new £130m UK Export Finance (UKEF) Export Development Guarantee is set to create 171 high-quality local jobs on completion while safeguarding 270 jobs at JDR’s existing facilities. Business and Energy Secretary Kwasi Kwarteng said: “Our offshore wind sector is a major industrial success story that delivers cheaper... ... More: Official Press Release JDR Cable Systems
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- JDR Cable System, UK, final grant, subsea cable facility, marine, TFK Group, OWMIS, Blyth, facility, cable, offshore, wind farm, portfolio
