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Government makes friends with subsea industry

Posted to On the waterfront (by on December 17, 2009

Senior Government ministers recently met with Subsea reps to talk turkey (well, it is Christmas)

With over 40,000 employees, 800 companies and at least £4bn worth of products and services, the UK subsea industry is an important ingredient in the country’s economy. 

Although some may say it’s a little tardy, the Government has recently been taking more interest in the sector, appreciating its impact on the current financial picture of the nation as well as the importance of this growing sector for our long-term stability. 

One such illustration of this growing relationship is the fact that Ed Milliband and Lord Hunt, Secretary of State for Energy and Climate Change and Minister of State for Energy and Climate Change respectively, recently met with senior representatives of UK subsea industry champions Subsea UK. 

Subsea UK, under the tagline ‘Where Subsea People Do Business’, is an Aberdeen-based organisation that prides itself on promoting the very best of the UK subsea supply chain, including industry recruitment, reporting latest initiatives and explaining changes to legislation and regulations. 

The reason for the meeting focused on the ever-increasing importance of the upstream industry and how it will evolve in the future, with ecological and renewable energy issues at the forefront alongside concerns over commitment to investment in the industry. Discussions included the positive and negative implications of using offshore wind and marine energy harnessing equipment, both in terms of the financial gains possible and the long-term benefits to being regarded as a front-runner in this future-focused sector. 

Alistair Birnie, CEO of Subsea UK added, “The timing of the meeting was particularly good for considering these diverse aspects to stimulate growth. We very much welcome the interest that the government has in what Subsea UK is doing. However, we need to ensure that words are transformed into actions and that the future is secure for UK subsea companies.”