David Cameron: Green Port Hull Investment Strengthens UK’s Economy

March 25, 2014

The Prime Minister is welcoming the decision by Siemens and Associated British Ports (ABP) today to invest £310 million in wind turbine production and installation facilities in Yorkshire.

Providing a huge boost to the UK’s offshore wind industry and the local area, this investment will create up to 1,000 jobs directly, with additional jobs during construction and indirectly in the supply chain.

Welcoming the decision, Prime Minister David Cameron said:

“This is a massive vote of confidence in our long-term economic plan. This investment is going to create lots of new jobs and opportunities, meaning more financial security and peace of mind for families and a more resilient economy for our country.”

The Chancellor is today visiting the UK’s largest steel plant as the owners welcomed the support for energy intensive manufacturing announced in last week’s Budget. Tata Steel will be among the biggest beneficiaries of the package of support worth £7 billion. The Port Talbot plant visited by the Chancellor produces 5 million tonnes of steel annually and employs over 4,000 people.

Press release, March 25, 2014; Image: number10