A major contribution to the economic regeneration of Lancashire and Cumbria
The project is expected to make a major contribution to the economic regeneration of North Lancashire and South and West Cumbria, helping to bring these communities closer together with greater cumulative benefits to the region and the North as a whole. A number of factors will create substantial growth, both during the construction period and after completion.
Jobs: An estimated *7000 jobs will be created during the construction phase, and net 6,000 additional jobs, plus opportunities across the region for the supply chain. Construction could start as early as 2025.
Further growth will arise from a number of sources including:
- Provision of bulk material needed for the gateways’ construction – obtained from local quarries
- Manufacture of turbine housings
- Manufacture and fabrication of the turbines – based in the North West
Impact of the improved connectivity may lead to:
- Growth in existing local industries and businesses through better communications and easier recruitment of key staff.
- A new industry manufacturing turbines and managing the construction of new tidal power installations in other UK locations and for export.
- Creation of new industries to store and use electricity, e.g. hydrogen or ammonia manufacture
- Increase in tourism through better access to Cumbria’s West Coast and into the Lake District National Park, relieving pressure on existing roads through Windermere and Ambleside.