Decom North Sea Gets Decommissioning Challenge Fund Grant
- Business & Finance
Decom North Sea has secured a Decommissioning Challenge Fund (DCF) grant award from the Scottish Government.
The £5 million fund aims to provide opportunities for the supply chain in Scotland supporting the acceleration of projects to develop investment grade business cases, and to fund new structures and infrastructure, allowing recipients to compete within the decommissioning market.
Following a consultation with its membership and external stakeholders, Decom North Sea identified the need for a more integrated and collaborative approach to share the totality of the knowledge across the decommissioning sector.
The application for DCF grant was requested to create and develop a digital knowledge hub to encourage this.
Decom North Sea’s chief executive, John Warrender said: “This is part of our overall strategy to facilitate a step change in the decommissioning sector’s ability to share knowledge, collaborate and communicate.
“Knowledge hubs are not new and have been successfully implemented in other sectors. Our aim is to replicate this success within the decommissioning sector, providing a knowledge resource that has the potential to offer a range of tools and services to help the sector share and analyse its information and engage much more effectively.”