MINISTER for Portsmouth Matthew Hancock has welcomed a deal that will bring new life to the city’s empty shiphall.
The News revealed this morning that Magma Structures and BAE Systems will set up shop in Portsmouth Naval Base.
Prime minister David Cameron visited Portsmouth today to confirm the deal, as well as a £420m contract that will see Boeing service the Royal Air Force’s fleet of Chinook helicopters at the Vector Aerospace Fleetlands site in Gosport, sustaining around 450 jobs.
Mr Hancock was upbeat about the Portsmouth shiphall announcement and said: ‘This is fantastic news for Portsmouth and a real milestone for the city.
‘It’s been at the top of my agenda and ministers across government have worked together to secure the best deal for Portsmouth, and make sure this is the first step towards a new future for the shiphall.
‘Together with local leaders, we have made sure that the marine industry and the highly skilled jobs it creates remains at the heart of this great city.’