Member Info for LSE03

Https://www.gov.uk/government/news/plans-published-for-150m-investment-zone-for-northern-ireland

The £150m envelope will be able to be used flexibly between tax incentives and spend. All funding proposals, whether tax incentives or flexible spend, are subject to compliance with the relevant rules on subsidies and affordability, and recognising that Northern Ireland currently has a bespoke industrial derating relief that applies to all relevant businesses across Northern Ireland. The following tax reliefs could be available in any tax sites that are designated within the Enhanced Investment Zone. The tax reliefs are intended to help sectors and sites that have high potential but commercial viability issues.

Stamp Duty Land Tax

Enhanced Capital Allowance

Enhanced Structures and Buildings Allowance

Employer National Insurance Contributions relief

In addition to fiscal incentives, the flexible spend portion of the overall funding envelope could be used across a range of interventions, to attract investment and unlock barriers holding back the growth of the sector. Funding could be used for research and innovation, skills, local infrastructure, local enterprise and business support, and planning and development.

Https://news.stv.tv/west-central/ferguson-marine-shipyard-boss-david-tydeman-sacked-by-board

Change afoot

Https://h2eart.eu/about/

New member EWE joined group of key players in Europe pursuing Underground Hydrogen Storage ( including Storengy. RWE, Uniper, SNAM etc )

see Press Release 25th March.

A cruise getting towed!. We're on the move

1:22 minutes in length, funkier video 😃

Placeholder arrival on Belfast Harbour website arrive. depart within 1 day ( expect this will change )

Https://www.h2-view.com/story/storengy-to-coordinate-large-scale-european-salt-cavern-storage-project/2107848.article/

Video in article reminds how rare salt caverns are in the world, so Islandmagee could be internationally significant. Ireland and dCarbon X specifically mentioned. Islandmagee close to demand centres, Belfast and Dublin and could help support Belfast Dublin Hydrogen corridor.

Thanks Si_D 👍

Saw that Stokey. It seems to be in the Appledore yard?. It seems like it could be used/ adapted to deliver freight to beach on Isles of Scilly. Just guessing, maybe Si_D will have a better understanding of what it is there for.

Https://www.marinetraffic.com/en/ais/details/ports/821?name=APPLEDORE&country=United-Kingdom

Will this be HW Samson going forward?

Well done Jimmy Ferguson, think he'll be a great ambassador.

Laissez-faire attitude to developing a national shipbuilding capability will be adored by UK's enemies. Time to wake up.

Https://www.gmb.org.uk/news/%C2%A342-million-scilly-isles-ferry-contract-goes-to-vietnam

Https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV492227

When are results announced?. Seems to be taking a long time post tender close out.

Nice reply on LinkedIn to JW's H&W Marine Services from Jill Hewitt

"Seabed mapping sounds like a fantastic project with so

much potential."

Https://bidstats.uk/tenders/2024/W12/818938396

Https://www.gov.uk/government/news/pm-announces-national-endeavour-to-strengthen-the-uks-nuclear-deterrent

You're welcome Kaeren.

https://www.shetlandtimes.co.uk/2024/01/25/fair-isle-ferry-costs-rise-to-around-40m

Https://www.shetnews.co.uk/2024/01/25/proposed-new-fair-isle-ferry/

Thanks Stokey, I think I also remember getting parts for the M55 project caused delays. This technology might be able to help avoid that.

Https://ukdefencejournal.org.uk/royal-navy-to-3d-print-spare-parts-for-ships/

Useful for H&W if accessible.