EIC holds third annual Westminster DIT Energy Round Table
06 March, 2019
On 5 March, the Energy Industries Council (EIC), the leading trade association for companies that supply goods and services to the energy industries worldwide, held a round table with Baroness Rona Fairhead, Minister of State for Trade and Export Promotion at the Department for International Trade (DIT), and 12 CEOs from EIC member companies representing the full range of energy sectors and organisations of all sizes.
The EIC member companies which took part in the round table were Aker Solutions, ALE, Blaze Manufacturing, BMT Global, Booth Welsh, Delta Controls, KBR, Lloyd’s Register, Petrofac, px, TP Group and Wood.
During the course of the meeting issues affecting the UK energy industry discussed included how to enable UK companies to export their products and services, marketing the UK’s world leading digitalisation capability at home and abroad, creating operator mentorship programmes for SMEs and the need for a long-term UK energy strategy which covers all sectors and supports the UK supply chain.
One outcome of the round table was an agreement among the companies present and the EIC to form a Cross Sector Energy Strategy Working Group which will provide guidelines to the Department for Business, Energy and Industrial Strategy and the DIT to ensure that government’s energy strategy objectives to increase exports, enhance energy security and support a healthy and integrated supply chain are achieved.
Minister of State for Trade and Export Promotion, Baroness Rona Fairhead said, ‘The Department for International Trade is here to help UK businesses to export. Together with the EIC and UK businesses, we are committed to helping the UK energy sector to expand into new markets.
‘We will continue to work closely with businesses to ensure that we understand their needs and are providing the right support to those companies looking to make the most of overseas opportunities.’
Commenting on the round table event, EIC CEO Stuart Broadley said, ‘This event was a great opportunity for the EIC member companies, who ranged from EPC to OEMs and SMEs from across all energy sectors, to present first hand to the minister what they need from the government.’
‘We covered a lot of good ground with some key topics including enabling exports, particularly through more fit for purpose financing options, how to market the UK’s world leading digitalisation and technology capability, and the need for mentorship programmes involving operators and the UK supply chain.
‘There was a recognition from the DIT that UK energy strategy needs input from every sector and every level of the industry. Excitingly, the companies present agreed with the EIC to set up a Cross Sector Energy Strategy Working Group which will provide guidance to the government on how to achieve its energy strategy objectives in a way that will galvanise the UK supply chain.’
This is the second year in a row that the EIC has organised a round table with Baroness Rona Fairhead and its member companies, and the third in total, having held a round table meeting in 2017 with then Minister of State for International Trade Greg Hands.
The EIC and DIT have a long history of working together to support the UK energy industry expand into new markets around the world, organising regular export showcases, collaborating on EIC Connect events worldwide, and are partnering together on the first-ever Energy Exports Showcase event, taking place in Aberdeen on 18-19 June. The conference and exhibition will feature 20 global operators and contractors discussing worldwide projects worth US$150bn which require UK content. To find out more please visit: https://exportsconference.energy