UK offshore supply chain looks overseas for growth

AI Summary

A report by Offshore Energies UK says uncertainty over UK domestic projects is prompting offshore energy supply-chain companies to seek overseas business. Only 35% of 60 surveyed firms were confident about their UK prospects for the next 12 months, raising concerns about investment, jobs and specialist engineering capacity.

The UK’s offshore energy supply chain is increasingly looking overseas for new business as uncertainty surrounding domestic projects threatens investment, jobs and specialist engineering capacity, according to a new industry report. Offshore Energies UK (OEUK) found that just 35% of 60 companies surveyed were confident about their UK business prospects over the next 12 months. …