While plans lodged by LS Eco Advanced Cables Ltd. (LSEAC) are at an early stage and still being finalised, the project value of approximately GB\u00a3923 million, could potentially put the North East at the heart of the UK\u2019s clean energy transition.<\/p>\n
\u201cThe proposed cable manufacturing facility is a huge generational employment opportunity for people in the North East and complements the region\u2019s already impressive advanced manufacturing sector,\u201d said Matt Beeton, CEO of the Port of Tyne.<\/p>\n
\u201cIt demonstrates the ability of the region to attract significant international investors to support the clean energy transition, with the Port of Tyne at its heart.\u201d<\/p>\n
Energy independence<\/strong><\/p>\n This proposal would see a state-of-the-art facility to manufacture deep-sea cables built on land within the Port of Tyne at South side, Tyne Dock.<\/p>\n The industrial complex would include a series of buildings \u2013 including a manufacturing space, testing facilities and offices \u2013 situated around a 202 metre tall tower where the cables would be stretched and sheathed before use.<\/p>\n The facility could lead to 500 direct jobs and a thousand more across the wider supply chain, including in high-skilled roles in engineering.<\/p>\n Along with the North East Combined Authority and the Port of Tyne, LSEAC said it will work with the region\u2019s schools, colleges and universities to provide training and re-training in the skills needed at the facility.<\/p>\n This should help ensure generations of North East people benefit from the huge employment opportunities linked to the project.<\/p>\n The five-week consultation on the plans run from 14 May to 18 June and provide an opportunity for local communities, businesses and organisations to give their feedback on the proposed development before the final planning application is made to South Tyneside Council later this year.<\/p>\n