LS Eco Advanced Cables Ltd. has launched a consultation on plans to build a high-voltage undersea cable manufacturing facility at Tyne Dock, Port of Tyne.
Port of Tyne said plans are at an early stage and still being finalised, but total investment is expected to be approximately £923 million. The industrial complex would include a manufacturing space, testing facilities and offices – situated around a 202 metre tall tower where the cables would be stretched and sheathed before use.
The consultation runs until 18 June and precedes a final planning application expected to be made to South Tyneside Council later this year.
The facility would lead to 500 direct jobs and a thousand more across the wider supply chain, including in high-skilled roles in engineering. Along with the North East Combined Authority and the Port of Tyne, LSEAC said it will work with the region’s schools, colleges and universities to provide training and re-training in the skills needed at the facility.
Sangdon Lee, Director at LS Eco Advanced Cables Ltd., said: “At a time when the UK is moving ever-more-quickly to decarbonising its energy supply, now more than ever there is a huge need for the infrastructure underpinning that transition.
“We’re delighted as a joint venture to be proposing this facility for a sub-sea cable development – but we must make it sure it works for the local community. That’s why we deeply value the input of everyone in the area to this consultation and encourage people to share their views and shape the future of this project.”