AREA INTELLIGENCE - BOUTIQUE HOTEL & SPA INVESTMENT HABROUGH, LINCOLNSHIRE - Accumulate Capital
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AREA INTELLIGENCE
B O U T I Q U E H O T E L & S PA I N V E S T M E N T
HABROUGH, LINCOLNSHIRE
The Humber Region -
a Key Strategic Growth Area –
Shipping and Supply Chain
Just five miles away are the Port of Immingham and electricity generation and other energy production
Humberside Airport, both of which are key strategic
locations in the “energy estuary” as the Humber region • Connects the Humber which is largely considered the
is known. energy estuary of the UK to the rest of the country
• The importance of shipping to the UK economy • Handles 10 million tons of coal and 20 million of oil
cementing it as the port with access to the country’s
• The UK has a long and illustrious maritime history energy sources.
and was once critical to the flow of goods around the
world • Critical link in the supply chains of businesses
throughout Britain
• Importance of UK ports has come sharply into focus
again with the country looking to strike new trade • Supports 10,500 jobs nationally
agreements post-Brexit.
• Contributes over £700 million to the economy every
• Ports are already worth $57 billion to the UK year
economy
Connectivity
The Port of Immingham
Humber Ports handle £75 billion in trade per year with
This port is crucial to the UK’s sustainable electricity Immingham Port enjoying;
generation and as the UK’s largest port by tonnage is
critical in the supply chain of businesses throughout • Congestion-free, high-speed road links – M180, M18
the UK and M1 - enabling UK-wide cargo distribution
• UK’s largest port by tonnage handling 55 million tons • Strategically close location to the UK’s industrial
of the country’s cargo annually heartland and less than 24 hours from a European
market of 170 million people
• Part of the UK’s leading port complex, with an
unparalleled gateway for the trade connecting • 20-minute drive to Humberside International Airport
businesses across the UK, Europe, and beyond helicopter base to service the offshore industries.
making it part of the UK’s busiest trading estuary
• A modern freight terminal handling more than 240
• Plays a crucial role in facilitating the supply chain rail freight movements a week
in the UK that guarantees the country sustainable
Port of Immingham – Investment – Future Proofing and Extending the Footprint In 2018 Associated British Ports invested £65million and took over British Steels Bulk Terminal which as of August 2020, British Steel have retaken control of under new ownership, recognising the ports crucial role in the future of their business. British Steel takes back control of Immingham port facility Important strategic asset’s return a ‘significant step forward for new business’ – CEO Ron Deelan. • British Steel has agreed a deal with Associated British Ports for the 89-acre site, with crucial deep-water unloading facilities. • Described as an integral part of British Steel’s operations, it was operated by the manufacturer up until 2018 when its then owners agreed to pass control to ABP. • Now British Steel is under the ownership of the Jingye Group, it has agreed to take back running of the terminal which handles millions of tonnes of its raw materials each year • Chief executive Ron Deelen said: “The return to British Steel of an important strategic asset like Immingham Bulk Terminal is another significant step forward for our new business” • “IBT handles iron ore, coke and coal en route to our manufacturing headquarters in Scunthorpe so this deal strengthens our control over this vital part of our supply chain.” • The terminal, on the west side of the port, can handle up to nine million tonnes of raw materials a year to support steel production.
British Steel ready to make a ‘significant Chinese steelmaker to invest £1.2bn in British
contribution’ to building UK recovery - “Let’s build Steel
with UK manufacturers, build with UK steel and build a
stronger future for everyone” CEO Ron Deelan. • Chinese steelmaker Jingye has pledged to plough
£1.2bn into British Steel after completing its
• “We’re developing new products, entering more acquisition of the collapsed manufacturer from
markets and investing in our assets to modernise receivers
plant and improve performance. A great deal of
hard work has already taken place, and much more • The Chinese company announced last November it
lies ahead given the challenging market we’re in. was planning to rescue the business, which provides
However, the evolution of British Steel is underway Network Rail with nearly all of the rail products it
and we’re well-placed to make a significant uses across the UK
contribution to the UK’s economic recovery.”
• More than 3,000 jobs have been saved as a result of
• “Britain needs to build for the future and we can play the deal.
an important role in major infrastructure projects like
HS2, which needs large quantities of high-quality Global prospects for British Steel welcomed as
products like our rail and constructional steel. We major conference pulls in Asian market
already have great experience of supplying into
projects of this scale, and our people are focused on
• Global prospects for British Steel welcomed as major
delivering the world-class products required.”
conference pulls in Asian market - Business Live
(business-live.co.uk)
• “The benefits of UK manufacturers being at the heart
of HS2, and similar ventures, will be felt far and wide.
• When British Steel was bought by Jingye Group on 9
For example, every 1,000 tonnes of steel produced in
March, a new chapter began in British steelmaking.
this country creates work for 10 people – directly and
in the supply chains and communities in which we
operate.” • Jingye was formed in 1988 and specialises in the
production of steel bar, plate and coil products -
with British Steel’s range and specialisms seen as
• “In partnership with Government, stakeholders,
complementary
customers and suppliers we can help revive the
economy – locally and nationally.”
• It operates 18 blast furnaces, producing 15 million
tonnes of steel annually, with sales to 80 countries
totalling £10.1 billion
The Humber Region -
The Green Industrial Revolution
The importance of the Humber region, Immingham • Equinor, behind a hydrogen production plant at
Port, neighbouring Killingholme and the world class Saltend, is leading the Humber bid, with 11 key
innovations being developed by companies in the partners, from Drax to British Steel, SSE to ABP
region simply cannot be underestimated. The impact
of these innovations and the investment made has Al Cook, executive vice president at Equinor and UK
already has a significant impact on employment, over country manager, said: “The new commitments in the
the coming decades we will see the exponential growth Prime Minister’s Ten Point Plan on hydrogen and carbon
of this area as leader in the renewable energy supply to capture are great news for the UK economy, for our
the UK and world-wide innovation evidenced, by some climate ambitions, and for the future of our industrial
of the recent press below. heartlands and those who work there.”
Humber welcome for Prime Minister’s 10-point
plan for ‘green industrial revolution’
• Key partners behind Humber’s push for a regional
hydrogen and carbon capture network have
welcomed Prime Minister Boris Johnson’s 10-point
plan for a green industrial revolution
• The Energy Estuary was flagged once again as an
extra £200 million was pumped into the creation of
two carbon capture clusters by the mid-2020s, with
another two set to be created by 2030
• “As the UK’s leading supplier of energy, we want
• It increased the pot to £1 billion, helping to support to go further to help the UK meet Net Zero targets
50,000 jobs, potentially in areas such as the Humber and become a world-leader in these much-needed
technologies. With our partners in the Humber we
plan to invest in carbon capture and low carbon
• A further £240 million has been ringfenced for
hydrogen to transform the UK’s largest industrial
hydrogen production
cluster into its greenest cluster.”
• A £75 million bid has already been submitted by Zero
• “Work with our partners in Teesside to decarbonise
Carbon Humber, with the proposal linking up with
its industries, and the two clusters work together to
Teesside’s ambitions for a concentrated cluster, to
develop the UK North Sea into a pioneering location
use the Endurance reservoir off the Yorkshire coast to
for the safe storage of carbon emissions.”
store CO2
• Jon Butterworth, Chief Executive - National Grid Humber Offshore Wind Cluster Prospectus as it looks
Ventures “The investment announced by the Prime to build on its early world-leading status in the water
Minister is a fantastic step in establishing the UK as and on the quays.
a global leader in carbon capture technology. This in
turn will protect tens of thousands of existing UK jobs £75m Zero Carbon Humber scheme bid put to
and create a platform for further growth by attracting government to green up heavy industry
new industries into regions such as the Humber
Huge 12-partner project to ‘make the Humber and the
• Deploying CCUS in the Humber alone could protect UK the environmental standard bearer that the world
55,000 manufacturing jobs, decarbonise the UK’s can learn from’
largest industrial cluster, and make a significant
contribution to helping the UK achieve its net zero • On board are Associated British Ports, British
targets.” Steel, Centrica Storage Ltd, Drax Group, Equinor,
Mitsubishi Power, National Grid Ventures, PX Group,
• Another hydrogen strand and major Humber project, SSE Thermal, Saltend Cogeneration Company Ltd,
Gigastack, has Orsted linking up with Sheffield’s ITM Uniper, and the University of Sheffield’s Advanced
Power to create green energy from offshore wind. Manufacturing Research Centre
• Duncan Clark, Head of UK region for Ørsted: “We • Initial work has forecast it could reduce the UK’s
welcome the UK Government’s ten-point plan as annual emissions by 15 per cent and save industry
a clear commitment to a low-carbon industrial around £27.5 billion in carbon taxes by 2040. It could
revolution, setting out the widespread infrastructure
renewal required to further accelerate the UK towards
a green recovery and achieve net zero emissions by
2050.
• A headline element in the Prime Minister’s
announcement was the acceleration of the
withdrawal of petrol and diesel engines from
showrooms and forecourts, with the Humber also
setting itself up as a potential battery manufacturing
site, aided by Phillips 66’s role in a core material
• The Jet Zero ambition is also highlighted, with
Velocys looking to develop a £350 million sustainable safeguard 55,000 existing jobs in the region, while
aviation fuels refinery at Stallingborough, near creating thousands of new roles and developing
Immingham, while the area has just launched the skills, apprenticeships and educational opportunities
Call to put Humber front of freeport queue to further unleash ambitious green agenda https://www.business-live.co.uk/ports-logistics/call-put- humber-front-freeport-19304167 Scale of job creation from industry’s green switch revealed in the Humber 50,000 jobs boost eyed for the Northern economy as huge plans seek policy backing and Treasury’s purse https://www.business-live.co.uk/economic-development/ scale-job-creation-industrys-green-19298030 Energy majors partner to develop offshore storage for emissions from TWO industrial clusters BP, Eni, Equinor, National Grid, Shell and Total unite for Northern Endurance Partnership https://www.business-live.co.uk/economic-development/ energy-majors-partner-develop-offshore-19155726 Green Port ‘Two’ and Grimsby’s growth potential flagged at Humber offshore wind prospectus launch https://www.business-live.co.uk/ports-logistics/greenport- two-grimsbys-growth-potential-19271624 Huge new hydrogen and carbon capture project emerges from Humber refineries and their power plant https://www.business-live.co.uk/economic-development/ huge-new-carbon-capture-project-18275439 Altalto Immingham - Planning application for UK’s first waste-to-jet fuel plant given green light A planning application backed by Shell and British Airways to create the UK’s first commercial-scale waste- to-jet fuel plant in North East Lincolnshire has been granted planning permission. https://www.edie.net/news/8/Planning-application-for-UK- s-first-waste-to-jet-fuel-plant-given-green-light/ Green jet fuel plant developers’ joy as World Economic Forum backs method as best aviation solution New report with McKinsey & Company finds sustainable aviation fuel is the ‘most effective pathway to reduce aviation’s lifecycle emissions’ The World Economic Forum has backed sustainable aviation fuel as the most promising decarbonation policy for aviation, delighting the developers of a £350 million refinery on the Humber. https://www.business-live.co.uk/professional-services/ consultancies/green-jet-fuel-plant-developers-19291786 £30m solar farm and battery storage site proposed
for Immingham A 50MW solar farm and battery storage facility is being brought forward on the outskirts of Immingham https://www.business-live.co.uk/technology/30m-solar- farm-battery-storage-17327469 Humber sets its stall out for the next huge growth spurt in offshore wind https://www.business-live.co.uk/ports-logistics/humber- sets-stall-out-next-19270336 Wind farm to bring 400 jobs to Northern Lincolnshire https://www.gi-media.co.uk/2020/09/18/wind-farm-to- bring-400-jobs-to-northern-lincolnshire/ Major offshore wind farm stake sold in £648m deal that underlines market confidence RWE sells of 49 per cent share in Humber Gateway offshore wind farm https://www.business-live.co.uk/ports-logistics/major- offshore-wind-farm-stake-19329778 Hundreds of jobs secured and investment promised as Lindsey Oil Refinery is sold https://www.grimsbytelegraph.co.uk/news/grimsby- news/hundreds-jobs-secured-after-investment-4367808 Powerhouse director: ‘The Humber has a unique opportunity to prosper in a green energy revolution https://www.business-live.co.uk/economic- development/powerhouse-director-the-humber- unique-19118715 Phillips 66 the ‘poster child’ of how UK refineries can play a key role in Net Zero challenge Humber refinery at the fore of the decarbonisation challenge as downtream oil industry outlines how it stands ready and sets out strategy https://www.business-live.co.uk/manufacturing/phillips- 66-poster-child-how-19118297
400 jobs hope as offshore wind farm Funding green light for first stage of huge
manufacturer signs up for Humber Bank site renewables-powered hydrogen project
Able Marine Energy Park selected by South Korean ITM Power wins backing for feasibility studies to
monopile producer massively boost Humber’s decarbonisation effort
https://Www.business-Live.co.uk/Manufacturing/400- https://Www.business-Live.co.uk/Economic-
Jobs-Hope-Offshore-Wind-18954899 Development/Funding-Green-Light-First-
Stage-18103349
Gigastack’s green hydrogen solution for
Humber industry underlined as first phase Solar powered quaysides at Port of Hull as ABP
flourishes unveils UK’s largest rooftop array
First phase feedback given in special online seminar ABP looks to Grimsby next after completing Hull,
from consortium including ITM Power, Orsted and Goole and Immingham installations as part of
Phillips 66 national strategy
https://www.business-live.co.uk/technology/ https://www.business-live.co.uk/ports-logistics/solar-
gigastacks-green-hydrogen-solution-heavy-18907387 powered-quaysides-unveiled-port-19255601The Humber Ports Granted
Freeport Status in March 2021
What are Freeports? Freeport status for the Humber and millions of
pounds of investment:
• A Freeport is an area where normal tax and customs
rules do not apply. At a freeport, imports can enter • The ‘transformative’ and successful bid for this
with simplified customs documentation and without Freeport will introduce a £75 million investment
paying tariffs. into the Able Marine Energy Park’s offshore wind
campaign and create thousands of jobs in the
• Businesses operating inside designated areas within process.
the freeport zone can manufacture goods and add
value before exporting these again and are free from • The Humber is one of eight areas in the UK to be
the full cost and force of tariffs and procedures. designated as a special trading zone, which will
allow selected sites to invest and attract major
• Economic studies have found the main advantage of manufactures by lowering tariffs.
freeports is that they encourage imports by lowering
duty and paperwork costs. Manufacturing businesses • The custom zones have been granted to ports in
that are inside the freeport can benefit from cheaper Grimsby, Goole, Immingham and Hull, as well as
imported inputs/components in comparison to those inter terminals in Immingham, alongside British Steel
outside the area. in Scunthorpe and a number of other Hull sites.
• Tax status has also been granted to the Able Marine
Budget 2021: Humber Freeport to have 45km Energy Park at North Killingholme, the port of Hull
radius and create more than 7,000 jobs and Goole.
• The country’s biggest port operator, Associated • North East Lincolnshire Council leader Philip Jackson
British Ports, says this move to freeport status as one made the following comment, “this will help the
of only eight in the UK will bring major investment area make the most of the global opportunities now
into the region. opening up to Britain and I’m confident it will see
even further investment, jobs and opportunities for
• Simon Bird, ABP Humber Director and chair of the the Humber to flourish…In North East Lincolnshire, it
Humber Freeport Steerco, hopes the freeport will be means that we’ll be able to maintain the innovation
up and running before the year is over and bringing and momentum we’ve built up in recent years across
in new jobs from 2022. some of our most important economic sites.”
• The Humber’s bid was one of the largest which A dedication from the Greater Lincolnshire Local
was also successful and will cover an area with a Enterprise Partnership:
45km radius taking in the ports of Hull, Grimsby,
Immingham and Goole. • “Our region’s ports have successfully won a bid to
become established as a collective Humber-wide
• The three tax zones within the freeport boundary freeport, and now for both the Greater Lincolnshire
includes the Able Marine Energy Park site in North and Humber LEPs thoughts shift towards meeting
Licolnshire, this site had a double boost as the priority sector targets in green energy, job creation
government confirmed £75 million funding for the and retention, and UK supply chain logistics.”
Offshore Wind Manufacturing Investment Scheme.
• Able Marine Energy Park expects to deliver “…a
globally significant integrated offshore wind
manufacturing cluster and bespoke port facility,
ultimately employing 1,600 people.”References https://www.porttechnology.org/news/report-maritime-worth-57-billion-to-uk/ https://www.abports.co.uk/locations/immingham/ https://www.icontainers.com/us/2020/01/24/5-major-ports-uk/ https://www.porttechnology.org/news/top-ports-in-the-uk/ https://www.business-live.co.uk/ports-logistics/british-steel-takes-back-control-18706285 https://www.business-live.co.uk/manufacturing/british-steel-recovery-deelenjingye-18989181 https://www.building.co.uk/news/chinese-steelmaker-to-invest-12bn-in-britishsteel/5104800.article https://www.business-live.co.uk/economic-development/net-zero-humberwelcome-prime-19299070 https://www.business-live.co.uk/economic-development/75m-zero-carbonhumber-scheme-19063787
B O U T I Q U E H O T E L & S PA I N V E S T M E N T
HABROUGH, LINCOLNSHIRE
Canterbury Innovation Centre
University Road, Canterbury, Kent. CT2 7FG
Email: info@accumulatecapital.co.uk
Tel: 01227 936 996
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