Round 2 of marine fund

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Marine companies in the south west have a chance to apply for substantial capital growth funding as Round 2 of the Marine Capital Fund opens for pre-applications.

Mylor Marina
Mylor Harbour

By completing a simple online eligibility questionnaire, they can start the process for potentially securing sizeable grants for business expansion.

The Cornwall Marine Capital Fund has been created after the sector’s business support organisation, Cornwall Marine Network (CMN), secured a £1.85 million share of the Government’s Regional Growth Fund (RGF).

As a result, grants worth £50k and upwards are now available for marine companies seeking capital investment for projects such as purchasing new machinery, technology development, the build of new premises and bringing existing buildings back into use.

Paul Wickes, CEO of Cornwall Marine Network, said: “This is a rare opportunity for cash to be secured by marine companies that have a vision to expand and employ more staff. Our dedicated business support advisor is available to help companies with their application process.”

For further details, email CMN’s business support advisor at marinecapitalfund@cornwallmarine.net

To access the online pre-application survey, click here. The final deadline is February 1.