Cross-Atlantic agreement promotes mutual benefits

A new cross-Atlantic agreement aims to ‘foster innovation, support economic growth and expand market opportunities’ between the North East and Delaware.

The Delaware Prosperity Partnership (DPP) and Port of Blyth have signed a five-year memorandum of understanding to drive mutual economic development and enhance workforce capabilities in both regions.

Bosses say the partnership will ‘leverage’ each organisation’s strengths to promote knowledge sharing, support market expansion and strengthen the visibility of DPP’s energy sector and Blyth’s offshore energy base.

Martin Lawlor, Port of Blyth chief executive, said: “We look forward to working together with DPP to share best practices and explore new markets.

“The signing of the memorandum of understanding reflects a strong commitment to building a collaborative framework that prioritises mutual benefits, innovation and sustainable growth for both Port of Blyth and DPP.”

DPP has a longstanding relationship with the North East, having previously signed a memorandum of understanding with the former North East Local Enterprise Partnership.

Kurt Foreman, DPP president and chief executive, who attended the signing virtually, added: “Port of Blyth is one of the leading ports in the world that really knows how to handle companies in the energy transition space, and DPP is eager to tap into its expertise.

“Formalising 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.”

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