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Home , Redcar, Teesport, Tees Valley, Yorkshire Coast

OFFSHORE A World Class Offshore Sector Tees Valley is one of the biggest Tees Valley is renowned for its industrial centre, Wage rates are about 92% of the national average, centres for offshore fabrication, which is the heart and soul of the economy. and this, combined with added financial incentives TEES VALLEY. The region has an established history and expertise available on sites and premises, makes Tees Valley oil and gas and subsea supply in business and industry and has a world-class a great location for new investment or expansion. chain in the UK. With around 3,500 reputation for delivering large-scale projects companies involved directly or across key sectors, such as oil & gas, advanced Major projects which have recently commenced manufacturing & engineering, chemicals and their civil engineering works include MGT Power INVEST WITH indirectly in the industry, the area processing, renewables, logistics and automotive. in , who are constructing a £650m renewable is a key contributor to the national energy plant, as well as announcements by Sirius economy and has significantly The deep water ports of and Minerals and Australian firm Peak Resources to contributed to the oil platforms Port, make Tees Valley ideally positioned for establish mineral processing plants in the region. CONFIDENCE. servicing the and offshore industries. These three investments alone represent well over and heavy engineering for the The area offers expert offshore fabrication facilities £1 billion of new investment, clearly demonstrating North Sea. This expertise is still as well as prime land that is ripe for large-scale the confidence companies have in Tees Valley and working heavily in oil and gas investment. The Enterprise Zone sites provide a clear indication of our global reputation for access to a range of facilities, as well as an excellent successful manufacturing. and is also transitioning into supply chain and they also offer financial incentives renewable energy, particularly for potential investors, such as Enhanced Capital These companies have chosen Tees Valley because offshore wind. Allowances. of the logistics and industrial infrastructure, supply chain, skills and support that is available to secure But Tees Valley’s main advantage over other UK and ensure the successful operation of our major and global locations is its low operating costs. industries. Rents and rates in Tees Valley are about half of most major cities.

2 | Offshore Tees Valley Offshore Tees Valley | 3 Tees Valley has one of the UK’s greatest concentrations of companies operating in the offshore oil and gas, subsea, decommissioning and offshore wind sectors. The supply chain is made up of over 400 direct and 3,000 indirect companies that employ over 4,250 people and includes industry leading names, including CATS, TEES VALLEY ConocoPhillips, Able, Amec Foster Wheeler, Jacobs and Heerema.

OIL AND GAS DECOMMISSIONING OFFSHORE Tees Valley has many advantages to offer FABRICATION the offshore decommissioning sector. With With its long history of offshore engineering, substantial available quayside and water depths Tees Valley has many expert fabrication companies in ranging from 9-11m, the region offers a ready- the offshore sector. It is also one of the UK’s largest made solution to the offshore industry. SECTOR cluster of subsea cabling and trenching companies, plus excellent offshore fabrication facilities and port sites. OFFSHORE WIND Offshore wind presents a wide range of exciting opportunities in Tees Valley and is an area SUBSEA with real potential for growth in the region. Major subsea service providers are resident There is already a supply chain of over 400 in Tees Valley, which they chose for its prime companies and Tees Valley has been awarded geographic location and support services. UK Government CORE status as a Centre for This has created a hub of expertise operating Offshore Renewable Engineering. globally in the renewables, oil and gas and telecommunications sectors.

4 | Offshore Tees Valley Offshore Tees Valley | 5

OIL AND GAS IN Deep water ports Tees Valley is first choice for Shell’s on the Tees and at TEES VALLEY Hartlepool Port cover Brent Delta Decommissioning over 1000 acres of land and are an integral The and gas industry marked a significant moment when, in May 2017, Tees Valley is a key centre for the oil and element of the wider the Brent Delta topside was towed to Tees Valley to be decommissioned. Over the gas sector in North East and the industrial area. next 10 months, the Brent Delta will be dismantled with over 97% of the structure UK and has significantly contributed to being recycled. the oil platforms and heavy engineering for the North Sea. The region has one Shell’s Brent oil field, which lies to the north east To facilitate the arrival of the topside, Able UK of the UK’s greatest concentrations of of the Shetland Isles, is one of the largest in the had a new bespoke quay designed and constructed. companies operating in the oil and gas country and, at its peak, produced more than half The new quay is the strongest in Europe and can a million barrels of oil a day. The field commenced accommodate the largest structure that the industry, and one of the UK’s largest decommissioning in 2011 and one of its four large Pioneering Spirit can handle. cluster of subsea cabling and trenching platforms, Delta, has now made its way to Hartlepool companies, making it one of the most in Tees Valley to be dismantled. The quay, and its associated developments, represents complete and integrated supply chains an investment of £28m. This large investment will Deep water ports on the Tees and at Hartlepool Port The decommissioning of the 24,200 tonne Brent provide benefits that will extend beyond the Shell in the country. cover over 1000 acres of land and are an integral Delta topside is the largest single piece North Brent project. The new facilities are unique in the UK element of the wider industrial area. Both have Sea decommissioning project undertaken to date. and put Able and Tees Valley in a very strong position The area is ideally located on the North East excellent transport links by road, rail and air and The topside is the heaviest single piece ever lifted to secure ongoing business in a field of activity that coast and there is prime land available for offer lock-free access to the North Sea. They also offshore and it was lifted and transported by a new is set to increase significantly, with more than 100 investment that offers access to the North provide excellent warehousing, logistics and supply purpose built vessel, the Pioneering Spirit. platforms set to be completely or partially removed Sea and offshore industries. chain expertise. over the next decade in UK and Norwegian waters. The Pioneering Spirit, developed by Dutch Heavy To bring the first major project to Tees Valley is a huge Lift specialists Allseas, is a new £2.5bn vessel and coup for the area. is the world’s biggest ship. It is equal to six Boeing 757 planes in length, has a deck space the size of six football pitches and can lift up to 48,000 tonnes.

6 | Offshore Tees Valley Offshore Tees Valley | 7 OFFSHORE WIND Project One Boosts Tees Valley DONG Energy’s Hornsea Project One will be the world’s largest offshore wind farm and the first to exceed 1GW capacity. The project OPPORTUNITIES is located 120km off the Coast and will meet the electricity needs of well over one million UK homes and Tees Valley based companies are playing a vital role in its development. Offshore wind presents a wide range of exciting opportunities in Tees Valley offering real potential for JDR Cables has won the contract In November 2016 it was also growth, and the area is already the home of major players that will see the company design and announced that -based Deep in the industry, such as EDF Energy, Offshore Structures manufacture 242km of array cables, Ocean had won a multi-million pound covering two thirds of the total wind contract to transport and install the Britain and MPI Offshore. The extensive facilities, such farm capacity. This represents the cables for the project. Deep Ocean as a deep-water port complex, coupled with the existing largest array cable award in JDR’s have invested heavily in world-class infrastructure and availability of large areas of industrial history and they will manufacture the installation and trenching technology. land, make Tees Valley an exciting investment opportunity cables at their state-of-the-art facility in Hartlepool. Hornsea Project One is a pioneering for offshore wind companies and their supply chain. project for the UK and for the electricity -based Offshore Structures sector. When built, it will be comfortably There is an increasing demand to build renewable energy assets, in particular Britain has won the contract to the world’s largest offshore wind farm. offshore wind, and Tees Valley has been awarded UK Government CORE manufacture 56 transition pieces that For contracts of this size to be awarded status as a Centre for Offshore Renewable Engineering. This is in recognition will link the monopole foundation wind to Tees Valley based companies shows of the area’s existing port infrastructure, including deep-water access, turbines with the towers. The facility considerable confidence in the area to available skills and logistics and the presence of an experienced supply has been fully upgraded since 2015 deliver large-scale offshore wind projects. chain, which will enable rapid growth in the offshore wind sector. and employs close to 200 people.

The region benefits from good access to supply chains and from 10GW of wind farm development within easy reach of port sites. Its main advantage over rival locations is its proximity to the northern North Sea and Dogger Bank, which experiences higher average wind speeds than anywhere else in Europe. Tees valley companies have been chosen by DONG Energy to provide services for the world’s largest offshore windfarm.

8 | Offshore Tees Valley Offshore Tees Valley | 9 Centre for National Biologics, Darlington

Business Rate Relief Sites

Companies locating to one of the eight Enterprise Zones offering Business Rate Relief may quality for up to £55,000 a year of rate relief over five years, totalling £275,000. These sites are ideal for small and medium sized business which form the supply chain of the area’s heavy industry or which are part of the area’s emerging fast growing digital sector.

The Business Rate Relief sites are available in all corners of Tees Valley and include; Queens Meadow Business Park and Oakesway Industrial Estate in Hartlepool; Advanced Manufacturing Park and the Historic Quarter in ; Business Park in Redcar and ; Belasis Business Park and Northshore in Stockton-On-Tees and Central Park in Darlington.

More details of all of these sites and Hartlepool Port Estates the services and utilities they offer are available on the website www.teesvalley-ca.gov.uk

South Tees SITES AND PREMISES South Tees Development Tees Valley has a vast array of sites and premises available that provide access Corporation to the deep-water ports on the and other utility services and logistics. These include Enterprise Zone sites, which offer financial incentives for companies The newly established South Tees Development who locate there, and the newly formed South Tees Development Corporation site, Corporation is the first Mayoral Development Corporation outside of Greater . The area that includes the site of the former SSI Steelworks. covers approximately 4,500 acres of land to the south of the River Tees, in the of Redcar and Cleveland, and includes the site Tees Valley Enterprise Zones are made up of 12 Enhanced Capital Allowance Sites of the former SSI steelworks as well as other individual sites with a total area of over 425 hectares. industrial assets. They encompass a wide range for sites, including a Enhanced Capital Allowances are available on number with existing office space as well as units the larger industrial Enterprise Zone sites and it The area benefits from river access and on large cleared industrial sites. is anticipated that they will be most suitable for includes the deep-water port of Teesport, Fusion Hive, Stockton-on-Tees companies looking to make significant investment England’s largest exporting port. It has All the Enterprise Zone sites offer excellent in plant and machinery, particularly in the renewable been set up to promote the economic Boho, Middlesbrough transport connections, with road links to the A66, energy, chemicals and advanced engineering sectors. development of Tees Valley by enhancing A19 and A1(M), main line railway stations offering assets in the South Tees area to create passenger and freight services, an international Companies locating to South Bank Wharf, Hartlepool further opportunities for business airport and access to one of the UK’s largest deep Port Estates, New Energy and Technology Park and investment and economic growth. water ports, Teesport. can apply to receive first year capital allowance at 100% on qualifying plant and On each site, businesses are able to benefit from machinery to a maximum of £100 million to offset tax relief, simplified planning regimes and superfast against corporation tax when the investment is made broadband. Four sites offer Enhanced Capital before March 2020. Tees Valley is one of only a small Allowance, with a further eight offering Business number of areas across the country that can offer Rate Relief. large-scale occupiers Enhanced Capital Allowances.

10 | Offshore Tees Valley Offshore Tees Valley | 11 Tees Valley’s industrial heritage means There are several world-class training facilities for the offshore sector located within it has an available and affordable Tees Valley offering businesses a large pool of skilled workers. SKILLED & workforce equipped with the necessary skills and expertise required in the offshore sector. AVAILABLE Tees Valley’s location and transport connections A world-leading health, safety and survival training TTE is UK’s largest technical training organisation give it a wide catchment area for skilled labour. provider across the offshore, wind and industrial in the engineering, process and oil and gas sectors, The area is also home to two excellent universities, sectors. Accredited training is delivered via state- specialising in apprenticeship and technical study WORKFORCE several high-ranking colleges and a number of of-the-art training facilities, each equipped to programmes, bespoke and accredited courses and specialist training providers. All offer excellent simulate a real-life environment. consultancy services. bespoke training, providing businesses with the skilled employees they need.

Wage rates in Tees Valley are 92% of the national average, making it a cost-competitive location for C-State has been created to address the skills gap investment. Employees in the region work more in the subsea engineering and service sectors, hours than the UK average and businesses also High and low-voltage training specialists, providing specialist training and education to the benefit from the lowest staff turnover than any the Faraday Centre provide electric courses entire industry. The purpose built facility offers a other UK region, ensuring a secure and highly to a range of industrial sectors, including oil range of subsea courses from apprenticeships to efficient workforce. and gas, marine and offshore, engineering higher education and industry recognised accredited and construction and chemical. training and trainees have access to a dedicated 200hp hydraulic remotely operated vehicle.

TWI are specialists in manufacturing, NETA provides fully accredited technical engineering materials and joining training service to the local engineering, and are a global leader in technology offshore, renewable and petrochemical engineering, providing research industries. and consultancy services.

12 | Offshore Tees Valley Offshore Tees Valley | 13 SUPPORT FOR Tees Engineering Network. Supporting INVESTORS the Supply Chain in the Tees Area. The Tees Engineering Network (TEN) has been and have a vested interest in promoting set up to champion engineering companies in the the region. The events are high profile The Tees Valley drives economic Tees area. It provides a forum for SMEs to promote and extremely popular and have attracted growth and job creation in the area. It is a partnership themselves to other engineering companies in the speakers from Cummins Engines, Crossrail, of five councils; Darlington, Hartlepool, Middlesbrough, region and for larger engineering companies to HS2, Sirius Minerals, MPI Offshore, JDR present any new opportunities, ensuring the local Cables and EDF Energy. Redcar & Cleveland and Stockton-on-Tees, working supply chain have an early understanding of any up and coming projects. TEN organise and promote closely with the business community and other Tees Valley Combined Authority is at the events throughout the year, where businesses and partners to make local decisions to support the forefront of public-private sector working and SMEs can get together to network and learn about just one example of this is the relationship with growth of the local economy. new opportunities in the area. the Tees Engineering Network, delivered and driven by the private sector, but supported The Combined Authority is chaired by , the first TEN is sponsored by four high profile local and fully endorsed by the Combined Authority. . Under the devolution deal with Government, companies; Axiom Engineering Associates Ltd, Working alongside the network, Tees Valley it is taking on new responsibilities previously held by Westminster Francis Brown Ltd, Nortech Solutions and Industrial Combined Authority offers support by helping and Whitehall; for transport, infrastructure, skills, business Marine Hydraulics. These companies are proud to secure high profile speakers and assists with investment, housing, culture and tourism. of their engineering heritage and local roots event management.

Tees Valley Combined Authority works with private sector partners to help businesses looking to invest in the area and Tees Valley has been described by the President of the Confederation of British Industry (CBI) Paul Drechsler as “a fantastic example of public-private partnership - the strongest and most ambitious in the country”. The CBI represents 190,000 businesses across the UK.

The Combined Authority, and Local Enterprise Partnership, helps new businesses looking to invest in the region. The dedicated Business Investment team give advice and support to new or relocating businesses to make sure they find the right location, provide information on the workforce, training and skills available in the area and help access support services. This support makes investing in Tees Valley easier than ever, and underlines what a great place Tees Valley is to live and work in.

14 | Offshore Tees Valley Offshore Tees Valley | 15 Cavendish House, Business Park Stockton-on-Tees, Tees Valley TS17 6QY

T: 01642 524400 E: [email protected] www.teesinvest.co.uk

TeesValleyCA @TeesValleyCA @TeesValleyCA