The Professional Services Group has been created to support the Hinkley Supply Chain Team (HSCT).
The Hinkley Supply Chain is a partnership between EDF Energy and the Somerset Chamber of Commerce supporting local and regional businesses to identify and bid for work contracts tendered by the Tier 1 and Tier 2 contractors engaged on the Hinkley Point C project.
Its aim is to secure the widest possible involvement of South West firms within the supply chain and to create a legacy of skills and experience within the South West which will benefit those businesses and the wider economy, even once the construction project has finished.
The local supply chain opportunities include £225m worth of contracts where local consortia are at the preferred bidder status and local suppliers are the recommended suppliers for contracts with a combined value of approximately £100m.
The HSCT recognised that local businesses interested in exploiting the significant opportunities created by such a big infrastructure project would likely need external support from a host of advisers. The Professional Services Group comprises accountants, lawyers, HR professionals, project managers and tender and bid consultants. All members of the group are required to demonstrate that they have the necessary skills and capabilities to support businesses looking to tender for supply chain contracts.
Rob Cadwallader, who represents Milsted Langdon in the Professional Services Group, said: “We are all delighted and very proud that Milsted Langdon’s quality services and ability to meet clients’ needs have been recognised by the Hinkley Supply Chain Team.
“We recognise the tremendous opportunities that a project of this size creates for businesses across the South West, but at the same time we appreciate that, for local companies, it can seem daunting to consider how they might become involved and what impacts this could have on their business, whether or not they are successful in their bids.
“We have the experience and know-how to help businesses assess the opportunities and risks associated with tendering for a contract. We can advise on ways to mitigate the risks and maximise the opportunities, so business owners feel they can make an informed decision about whether or not to proceed with their bids.”
Corporate Tax Partner, Rob Chedzoy, who advises a number of businesses either involved with, or looking to become involved with, opportunities arising from the project, cites an example of a referral from our MGI network: “We are advising a non-UK corporate which is tendering for a significant project on the Hinkley Point site. The advice is on the optimal business structure through which to contract for, and undertake, the work and the UK legal, regulatory and compliance implications which need to be addressed.
“This assignment is further deepening our understanding of the requirements of businesses seeking to win contracts relating to this project.”
To find out more about Hinkley Supply Chain Team, please visit www.hinkleysupplychain.co.uk
MGI Worldwide is one of the world’s largest network of independent auditing, accounting and consulting firms, with 280 offices and 82 countries across nearly all continents of which Milsted Langdon is a member. It has access to the same quality-assured services abroad as it delivers at home so can meet clients’ global needs from its South West base. To find out more, please visit www.mgiworld.com