DPP Signs Memorandum of Understanding with UK Port to Further Innovation, Market Growth
Partnership aims to support economic development and growth of energy transition opportunities in both regions.
- Wilmington-Newark, DE-MD (1888PressRelease) November 07, 2024 - Delaware Prosperity Partnership (DPP), the lead statewide economic development organization for Delaware, and the Port of Blyth (PoB), a leading offshore energy base in the North East of England, have signed a cooperative agreement to leverage the strengths of both organizations to foster innovation, facilitate market expansion and enhance workforce capabilities in both Delaware and Blyth.
The five-year memorandum of understanding (MOU) outlines areas of action for a partnership that will enhance the visibility of both DPP and the Port of Blyth while also supporting economic growth for Delaware and the North East of England. The agreement, which was signed in Northumberland, England, aims to drive mutual benefits through potential economic development, knowledge sharing, promotion and consulting services.
Created in 2017, Delaware Prosperity Partnership is the nonprofit public/private organization that leads Delaware’s statewide economic development efforts to attract, grow and retain businesses; build a stronger entrepreneurial and innovation ecosystem; and support private employers in identifying, recruiting and developing talent.
Located on the East Coast of the UK, the Port of Blyth is a leading offshore energy support base, an important hub for the movement of a range of project, containerized, dry bulk and break-bulk cargoes as well as a key location for offshore decommissioning. The Port is a single day’s drive from all mainland UK destinations and is used as a strategic hub by shippers serving Northern England and Scotland.
“The Port of Blyth is one of the leading ports in the world that really know how to handle companies in the energy transition space, and DPP is eager to tap into its expertise,” said Kurt Foreman, President and CEO of DPP, who attended the signing virtually. “Formalizing our cross-Atlantic relationship will allow DPP to leverage the port’s considerable capabilities and experience and enhance our ability to assist companies from Delaware and abroad, build further connections and, where possible, aid in creating more jobs and more revenue both here and overseas.”
Representing DPP at the signing on-site was DPP Global Advisor David Smallman, who worked with DPP Director of Innovation Noah Olson – who also attended virtually – to craft the agreement. Representing the Port of Blyth was PoB CEO Martin Lawlor.
“We look forward to working together with DPP to share best practices and explore new markets,” said Lawlor. “The signing of the MOU reflects a strong commitment to building a collaborative framework that prioritizes mutual benefits, innovation, and sustainable growth for both the Port of Blyth and DPP.”
North East England includes Northumberland, County Durham and Tyne and Wear. The Port of Blyth has a strategic central location on the east coast of the UK and is well placed for offshore wind-related opportunities in the North Sea and beyond.
DPP has a longstanding relationship with the region and the organizations that support its business community. DPP previously had signed an MOU with the former North East Local Enterprise Partnership in Newcastle Upon Tyne.
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