£2M fund for marine renewables

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Cornwall’s marine renewables sector has been given a boost following news that £2M of Convergence funding is being made available.

The Grant for Business Investment (GBI) fund is open to companies working on the development and deployment of marine renewable devices.

This funding can provide critical support to those seeking to deploy at FaB Test or Wave Hub over the next two years.

Wave Hub general manager, Claire Gibson, said: “The ability to secure sufficient funding remains a significant issue for the marine energy industry so this investment will be a welcome boost.

“The eligible activity ranges from feasibility studies right through to support with berthing fees, so we hope it will act as a catalyst for device deployments at FaB Test and Wave Hub.”

Companies that are interested in applying for the GBI (R&D) fund should contact Sarah Tooze, DCLG, for an application form.