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Ipsum recently acquired Middlesborough-headquartered high voltage experts Matrix Power, also for an undisclosed sum.

More than 1,000 construction jobs will be created during the expansion, as well as 400 permanent roles at the port itself.

Engineering, procurement, and construction services specialist Atkins Realis is also understood to be involved in the scheme.

The announcement by energy secretary Ed Miliband is part of the UK Government’s Plan for Change, backed by a £200 million investment with Great British Energy.

The developer will build an office tower spanning 560,000 sq ft and standing 31 storeys tall – down from 36 storeys – at Regent’s Place.

Performance underpinned by 43 project completions managed from its offices in Bristol, Guildford, Oxford, Southampton and Swindon.

“Since opening the park in 2022, we’ve been on a mission to continue to grow it across the 24-acre masterplan,” said Mike Hood, Landsec.

Munnelly Group managing director James Munnelly received the honour for his work and commitment to the construction industry.

CEO Martyn Clark said the developer is on track to deliver a set of “ambitious yet achievable” medium-term targets.

Urenco has appointed Costain as its delivery partner to deliver new infrastructure at its uranium enrichment site in Capenhurst in Cheshire.