Britain’s Northern Gas Networks has reported that the proposed Redcar Hydrogen Village in northeastern England could bring significant benefits to the area.

These include over £300 million ($381 million) of investment over the next ten years and at least 300 engineering and other high-quality jobs in what the company states as a historically underfunded region.

Northern Gas Networks is currently in discussions with government about the go-ahead of the proposed hydrogen village, which would see around 2,000 homes in the Yorkshire coastal town of Redcar converted to run on hydrogen.