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Core Boost for Offshore Industry

 

The North East Chamber of Commerce has welcomed news that the region has been Awarded Two Centres for Offshore Renewable Engineering.

The North East Chamber of Commerce has welcomed news that the region has been Awarded Two Centres for Offshore Renewable Engineering.

The Government has designated five sites in the UK as Centres for Offshore Renewable Engineering (COREs) and published a document outlining plans to take this forward.

There are to be two COREs in the North East, one each on the River Tyne and the River Tees.

NECC Chief Executive, James Ramsbotham said:

"CORE status is a commitment from the Government to support the growth in offshore manufacturing in the North East.

"This recognition of the engineering skills and ambition we have in the region and enhanced status that a CORE will bring will help both the River Tyne and Tees stand out commercially.

"Hopefully further support will be available as both of the CORE areas overlap with the newly announced Enterprise Zones, which enjoy benefits such as capital allowances and business rates tax relief."