Great Yarmouth has been the centre of the Southern North Sea production of oil and gas for more than 50 years, including as a leading centre for installing and servicing Southern North Sea gas platforms. This expertise means the town is ideally positioned to lead the decommissioning sector.  While Great Yarmouth is Norfolk’s energy success story, there is also growth in the Norwich area, with a particular cluster around Norwich International Airport, which is England’s busiest heliport.  In addition, over on the North Norfolk coast, the Bacton Gas Terminal supplies over 30% of the country’s gas and links the UK with supplies from across Europe

The county's long-standing energy skills are readily transferable to offshore energy, which is estimated to be worth more than £50bn in the coming years. The Great Yarmouth has the closest proximity to one of the world’s largest planned windfarms – the East Anglia Array. The first phase – East Anglia One will generate as much as 7,200 MW. Click here for further information.

Norfolk has the potential to expand its role as a major supplier of the UK’s energy needs and companies such as Perenco, Aquaterra Energy and Acteon export their innovation and knowledge around the world. They are part of a cluster of around 400 businesses, and 20,000 highly skilled staff, focussed around England’s premier offshore energy centre at Gt Yarmouth and Lowestoft – the ‘East of England Energy Zone’ and one of only six national ‘Centres of Offshore Renewable Engineering’ (CORE) in England promoted by UK Government.

Making the most of this potential, an energy-related Enterprise Zone includes sites in both towns and aims to deliver 1400 direct (1000 indirect) jobs, 60,000m2. of development space and 80 new businesses. Zone incentives include business rates relief worth up to £275,000 over five years, simplified planning regulations and central Government support for the provision of super-fast broadband.

In addition, the whole of the built up area of Great Yarmouth is designated as a Tier 2 Assisted Area, meaning businesses of all sizes are eligible to receive funding above the state aid ‘de minimis’ limit – subject to availability.

The benefits of the of the Zone and the CORE status are also being felt in Wells and Egmere, on the North Norfolk coast, which are playing an increasing role as a service port for offshore energy.

There is also scope for supporting tidal, biomass and biofuel production and British Sugar has established the UK’s first bioethanol plant at Wissington, in Norfolk.

To get in touch with our business investment specialists call +44 (0)344 800 8020 or email us.

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