An agreement has been signed between economic development organisations in South West England and Normandy in France, which aims to create jobs, unlock opportunities and attract new investment to both regions, which can only be a good thing for the construction industry in the South West.

The Memorandum of Understanding will see Nuclear South West and Nucleopolis work together to connect companies with £50bn worth of nuclear investments in South West England and an annual market in Normandy worth more than £1bn a year.

Nucleopolis, the nuclear division of Normandie Energies, brings together expertise of nearly 100 French organisations, covering research, industry and training, in the fields of energy, health and risk management. The nuclear sector employs around 28,000 people in Normandy.

As part of the agreement, the organisations will share knowledge and opportunities in the nuclear industry and encourage their respective members to explore opportunities to work together.

The deal follows a report commissioned by NSW which reveals that the South West region is ideally placed to capitalise on economic opportunities worth £50bn to the UK economy. The research states that South West-based SMEs, large companies and training providers could supply £15bn worth of work to the nuclear sector.