Our strategy (Strategy in action) - Severfield Annual Report 2023

WE ARE WELL-POSITIONED.. FOR RESPONSIBLE GROWTH

ESG has been at the forefront of our strategic decision making and as a result the Group is in a prominent market position in the high-growth markets of the future, helping to accelerate the journey to Net Zero.

Low carbon transport Nuclear and Infrastructure	About the opportunity Significant Government investment in public transport, including HS2, Northern Powerhouse rail links, Transpennine upgrades and rail electrification.	Severfield are well placed in the infrastructure sector to support the delivery of significant projects and our bridge team have a strong reputation and extensive experience in all types of bridgework, including major transport routes.
New Nuclear Nuclear and Infrastructure	About the opportunity The Government has launched 'Great British Nuclear' to address constraints in the nuclear market and support new nuclear builds.	Severfield's Nuclear and Infrastructure division has extensive experience in the sector and is a key delivery partner for existing nuclear projects at Sellafield.
Battery Plants Commercial and Industrial	About the opportunity In the UK and EU, we are seeing a new wave of opportunities for battery gigafactories to support domestic zero carbon vehicle production, with a number of facilities currently being planned or considered.	Recognising the significance of having the vital supply chain in the UK, the Government has allocated up to £1bn of funding. Severfield has a strong position in the sector and is currently building the Envision battery plant for Nissan in Sunderland.
Renewable Energy Commercial and Industrial	About the opportunity Decarbonising the power sector whilst meeting a significant increase in electricity demand, has the potential to generate significant investment from both the private and public sectors.	The UK currently has the largest operational offshore wind farm in Europe, with similar sized projects planned or underway. Severfield has extensive sector experience and our ability to meet specific engineering requirements enable us to continue serving this vital sectors.
Low carbon buildings Commercial and Industrial Modular Solutions	About the opportunity Increase in demand for low carbon buildings, including offices and modular buildings. Severfield have invested in R&D to optimise production processes and reduce the subsequent carbon footprint.	Our Commercial and Industrial division is well placed to deliver low carbon buildings, having worked on a number of projects already. Our Modular Solutions division specialises in modular products.