The Budget 2014: Reaction on Energy

George Rafferty, Chief Executive of NOF Energy gives his view on today's Budget

Solar panels
Solar panels

George Rafferty, Chief Executive of NOF Energy, said:

“The endorsement by the Chancellor of the recommendations made by Sir Ian Wood in his North Sea Oil & Gas report is very welcome and I hope will go some way to securing the future of the industry.

“The implementation of Sir Ian’s report has the potential to boost investment and create the stability required, which will not only support the country’s ambition to deliver a balanced energy mix, but also create opportunities for supply chain companies.

“These technology-led and innovative businesses have a pivotal role to play in helping implement some of the improvements to the industry that the Wood Report highlights, which have the potential to allow the UK supply chain to secure more work and, in turn, create more employment.”

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