Skip to main content

Statement from Subsea UK on funding for Global Underwater Hub

Published by
World Pipelines,

Commenting on today’s announcement from the Chancellor, Neil Gordon– Chief Executive of Subsea UK – said: “With this further, and very welcome, funding from the UK Government for the Global Underwater Hub, the industry and all stakeholders will deliver a sustainable institution with the necessary resources to significantly grow the UK’s underwater engineering capability and capacity, capitalising on the opportunities in the energy transition and the blue economy.

“The £7.8 billion subsea industry, with its roots in oil and gas, a strong foothold in offshore wind and massive potential in marine renewables, defence, ocean science, aquaculture and other segments of the blue economy, can become one of the UK’s fastest-growing, high value industries of the future, increasing exports, creating jobs and contributing not only to economic recovery but, crucially, to delivery of our net-zero targets.”

Read the article online at:

You might also like


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Europe pipeline news