A total investment package of £24m has now been raised to develop marine renewables in Cornwall. The funding has been used for developments aimed at further strengthening the county’s capability to support the sector and a new project is due to begin in June.
The new funding will be used to develop a marine renewable business park in Hayle, which will provide 2,500 sq miles of industrial and office space, creating 120 new jobs by 2020.
The new facility will accommodate companies at the forefront of marine renewables energy production, including development, deployment, servicing and maintenance of wave and floating wind power devices and the supply chain servicing the sector.
The European Regional Development Fund (ERDF), Cornwall council, the Department for Business Innovation and Skills (BIS) and the Department for Energy and Climate Change (DECC) supported the investment package.
Julian German, the council’s cabinet member for economy and culture, said, “Cornwall is the natural home to marine renewables and the development of this site will help further strengthen our ability to deliver cutting edge technology in the sector.
“Cornwall is already able to offer access to world leading research institutions and facilities and the marine renewable park will further support business in this ever evolving sector.”
The business park will provide access to the Wave Hub, the world’s largest marine renewables test site connected to the grid. Both the business park and the Wave Hub have been described as “vital elements” of the Offshore Renewable Development Programme, which works to accelerate the commercial realisation of offshore renewable energy within Cornwall, Plymouth and the Isles of Scilly.
Chris Pomfret, deputy chair of the convergence local management committee, which steers the ERDF convergence programme, explained that by working with the supply chain to identify the requirements of the industry “we are creating something that is needed and going to help develop the industry”.
Photo: Loz Pycock via Flickr
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years