A new Rolls-Royce factory near the A1(M) in North Yorkshire could create 300 'high value' jobs if the company chooses the Scotch Corner site out of six shortlisted
The report’s authors say although the project includes creating 26,100sq m of floorspace, the socio-economic sphere of influence would be much wider than the proposed development site.
It states the main benefits would be about £200m of direct investment in building the proposed small modular reactors factory at the site, which supports 191 permanent construction jobs, with the likelihood that about ten per cent of the jobs are filled by local residents.The study concludes the operation of the plant would generate some 300 new jobs within the Richmondshire district, supporting an economic output of some £40m a year.
The report states: “The new jobs supported on site will be specialised and many of the jobs will likely attract skills beyond the district area in the short. But over time, these workers will want to live close to where they work and will settle within the district, which is an attractive location to live.”In total, around 160 jobs created are estimated to be filled by Richmondshiredistrict residents and that the value from the jobs to the local economy is estimated to be £19.3m per annum.
It states: “The Rolls Royce factory will be creating high value job opportunities at the proposed Scotch Corner site. Such jobs will compete with the better paid jobs outside of the district, and these opportunities should be a good match for the highly skilled residents in the North and Central Richmondshire and Richmondshire district areas.
He said: “The 160 new jobs would be very useful for that area in particular where a lot of people commute to the Tees Valley. It is certainly the industry for future growth as we look to increase energy security.”
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