InfraStrata’s chief executive John Wood said: “The acquisition at this point in time is opportunistic for the company and one that should not be missed. The MP added: "Their purchase of the Yard is excellent news for the local community, ensuring, as it does, the future of the Yard and its workforce. Appledore shipyard in North Devon will reopen, it has been announced. They have put a new apprenticeship and training programme in place for young people, while they have confirmed some "old faces" will return along with new employees. UK News Published: Aug 25, 2020 Last Updated: Aug 25, 2020. #INFA pic.twitter.com/RuXDLFke0I, — InfraStrata plc (@InfraStrata_Plc) August 25, 2020. Infrastrata – the owner of Harland & Wolff in Belfast – has signed a £7m deal to acquire Appledore shipyard in North Devon. Appledore shipyard in North Devon will reopen, it has been announced. © Barry BatchelorAppledore Shipyard … We’ll have a new commenting experience online soon. John Wood, CEO of Infrastrata, said: "I am delighted that the Company has acquired Appledore shipyard and this is another important milestone in the growth of the Company. The site was previously operated by Babcock but closed in March 2019. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. "I will continue to support the firm and our superb Shipyard to ensure the Government’s strong backing as they develop their business and realise the Yard’s potential.”. The MP for Torridge and West Devon, Geoffrey Cox QC, said the sale is "excellent news for the local community". We are delighted to announce that we have acquired North Devon’s historic Appledore Shipyard. Appledore Shipyard in Devon was bought by InfraStrata, the firm which also owns Belfast’s Harland & Wolff (H&W), in a £7 million deal. Latest team news, lineups, TV, prediction and Premier League match stream, Black Friday shopping slows as lockdown sees non-essential retailers shut, Here’s what Brexit will mean for your wages, benefits and taxes. Trade Unions UNITE and GMB have both welcomed the news and say the sooner job roles are announced the better. “We have always firmly believed that the yard can be viable and thrive in the right hands.”, The Unite union’s assistant general secretary Steve Turner said: “It is now incumbent on the UK Government to thoroughly review its procurement policies to ensure that British ships are built at UK yards.”. Watch for updates on the Microsoft News Blog. Sony WH-1000XM3 vs Sony WH-1000XM4: which is better? Bosses there have confirmed there will be job opportunities for young people and opportunities for both old and new employees to work at the site. Like us on Facebook to see similar stories, From Cardiff 's shops to Hermes' hubs, the UK has its Covid Black Friday, Ayda Field shares video of son Beau to mark amazing milestone, Jacqueline Jossa shows off results of amazing new styler that creates mermaid-like waves, Daniel Dubois v Joe Joyce: Fight undercard, boxing live stream, TV channel, UK start time, betting, prediction, Dyson's Black Friday 2020 deals: The biggest discounts that are on right now, New regulator DMU could ‘suspend, block and reverse’ decisions by Facebook and Google, government says, Apple Black Friday 2020 deals: Today’s best UK offers on AirPods, iPhone and MacBook, BMW says 'stunning' new 4 Series Gran Coupe is debuting 'quite soon', There are more Christmas Day escapes to Europe on offer than ever, Are pubs and restaurants open on Christmas Day? InfraStrata said that while the yard has been dormant in recent months and the acquisition only comes with one employee – the current site manager – the workforce can be “very quickly ramped up” if contracts for work are secured. Appledore built part of the Royal Navy’s latest aircraft carriers and has a history dating back to the 1850s. Appledore Shipyard is set to reopen, it has been announced. Since then there has been speculation that the site could be reopened, with numerous reports of potential buyers. By using this site, you agree we can set and use cookies. ‘Marble Arch looking fancy’: New York Post mocked after using Arc de Triomphe picture for UK coronavirus story, Tefal Black Friday Deals: What To Expect & Where To Look, Crackdowns by US allies could test Biden's pledge to promote human rights, WHO needs 'more than press release' on Oxford jab, says vaccines chief, As oil tycoon John Gilbert Getty dies, a who’s who of the Getty family dynasty, Michelle Keegan wraps up in white jacket as she films Brassic in Wales, Crystal Palace vs Newcastle LIVE! Around 200 members of staff were told they could be made redundant or deployed to Devonport. UK News Published: Aug 25, 2020 Last Updated: Aug 25, 2020. Connect with friends faster than ever with the new Facebook app. … Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships.Appledore Shipyard in … “What we want to do is to ensure that there’s a good enough stream of contracts coming through to drive jobs and growth here in Devon,” he said. The Devon shipyard helped build part of the Royal Navy's two aircraft carriers. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. Appledore shipyard in North Devon will reopen, it has been announced. “If Boris Johnson’s mantra of build, build, build has any real substance then the UK’s shipbuilding industry must be one of the early beneficiaries.”. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. The Appledore Shipyard… A historic shipbuilding yard in north Devon is to reopen after it was bought by the natural gas storage company InfraStrata in a £7m deal on Tuesday. Owners of Appledore, Babcock International, announced the site would close down in March 2019 after losing its contract with Italian shipbuilding company, Fincantieri. Unions have welcomed a deal to reopen a historic shipyard in Devon and urged the Government to give it work building ships. The pay freeze explained – and the NHS staff and other jobs exempt, Nintendo Switch Black Friday deals: bundles, controllers, games, headsets, and more, UK R rate falls below 1 for first time in months as tough restrictions help tackle rise of Covid cases. Its new owners hope the Ministry of Defence, Home Office and Department for Transport will choose a British yard for work on planned vessels. Appledore Shipyard is set to reopen in Devon after a rescue deal worth £7million; The 165-year-old site has helped to build aircraft carriers, yachts and ferries