Hull wins £310M contract for Siemens turbine blade factory; devolution research published
What happened
Hull secured a £310 million contract to build a turbine blade factory for Siemens. Separately, Dr. Glenn Athey published a new book arguing that the debate over power devolution is concluded, and the focus must shift to how well receiving institutions can utilize that power. The book identifies a 'delivery gap' between published strategies and actual outcomes in economic development.
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Why it matters
The contract provides a major operational base and revenue stream for Siemens. Meanwhile, research from the University of Birmingham informs political discussions regarding devolution, which Andy Burnham engages with. The findings highlight skills shortages in economic development teams.
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Who's involved
- SiemensRecipient of the £310 million contract for the turbine blade factory
- University of BirminghamInstitution whose research informs political discussions on devolution
- Andy BurnhamPolitician who engages with research regarding devolution
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Siemens Gamesa Renewable EnergySpeculative
Siemens Gamesa Renewable Energy might see increased revenue from the turbine blade contract
- NORDEXSpeculative
NORDEX could face increased competitive pressure from Siemens winning a major turbine contract
- ABBSpeculative
ABB could face increased competitive pressure from Siemens winning a major turbine contract
- General ElectricSpeculative
General Electric could face increased competitive pressure from Siemens winning a major turbine contract
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The entities involved
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Siemens
German multinational conglomerate company
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University of Birmingham
university in Birmingham, England, United Kingdom