Based in York and with manufacturing sites across the UK,
Severfield secured new supply contracts after UKEF supported a
Guyanese hospital build in 2021.
Severfield has now shipped 1,900 tonnes of steel to a new
hospital being built by VAMED Engineering GmbH in Georgetown,
Guyana.
UKEF support for overseas infrastructure projects is creating
major opportunities for UK suppliers, helping them secure over
£1.3 billion in new contracts since 2020.
A deal supported by the UK government’s export credit agency has
landed a £4.5 million export contract for structural steel firm
Severfield.
Headquartered in York, Severfield has five manufacturing sites in
the UK and two in mainland Europe. Severfield operates in a range
of sectors including infrastructure, transport, and commercial,
working on high-profile projects such as Tottenham Hotspur
Stadium, 22 Bishopsgate, and London’s tallest building, The
Shard.
In 2021, UKEF helped the Guyanese government to finance a new
paediatric and maternity hospital by providing a €161 million
loan. The export credit agency supported the project on the
condition that it involved UK suppliers, subsequently securing
this opportunity for Severfield.
Since securing the contract, Severfield has fabricated steel for
this project at its Dalton site in North Yorkshire, where it is a
major employer supporting over 500 jobs. The company has now
shipped 1,900 tonnes of structural steel to Guyana where it will
be used by VAMED Engineering GmbH as it builds the new hospital
in the capital, Georgetown.
UKEF’s guarantees and loans help overseas governments and
businesses to secure financing for projects involving UK goods
and services. The new announcement showcases the way in which
this creates multimillion-pound contract opportunities for the
domestic supply chain.
Since 2020, UK suppliers have secured over £1.3 billion in new
contracts because of infrastructure projects going ahead thanks
to UKEF support.
, Minister for Exports,
said:
This government is backing the UK steel industry, and this deal,
made possible by UK Export Finance, is great news for Severfield
which will support hundreds of jobs across the country.
Severfield’s story shows that the UK’s steel expertise remains in
high demand for ambitious projects around the world, supporting
jobs, growth and prosperity.
Rob Evans, Divisional Managing Director of Severfield’s
Commercial & Industrial division, said:
Severfield are delighted to be supplying the structural steelwork
for the new paediatric and maternity hospital in Guyana. With the
invaluable support of UKEF, we are proud to add to our strong and
varied history of delivering high quality, fabricated steelwork
for use in overseas projects.
Upon completion, the hospital is expected to become a point of
referral for high-risk cases from across the country and
eventually the Caribbean. It will also work as a teaching
hospital – the first institution of its kind available in Guyana.
Jane Miller OBE, British High Commissioner to Guyana,
said:
It is great to see another contribution from the UK towards the
delivery of this transformational, 256-bed hospital in
Georgetown. This is a success which we want to build on, with UK
Export Finance now making up to £2 billion available for
supporting UK exports to Guyana. This reflects the wealth of
opportunities for collaboration available in Guyana’s rapidly
growing economy.
This announcement follows the December 2023 publication of the
government’s Advanced Manufacturing Plan, which recognised the
role of the manufacturing sector in producing over 40% of the
UK’s exports. In the financial year 2022-23, UKEF provided £3.5
billion in new, direct support to the UK’s manufacturing sector
in the form of loans, guarantees and insurance.
