Cash boost for marine renewables

Approximately £2m of Convergence European Regional Development Funding (ERDF) has been made available for marine renewables companies.

The GBI (R&D) fund is available to those currently working on concept or prototype development; as well as early stage demonstration or deployment of marine renewable devices.

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

FaB Test is a non-grid connected nursery test site in Falmouth Bay off the south coast of Cornwall for the testing of components and devices.

Wave Hub a grid-connected offshore marine energy test site, some 10 miles from the north coast of Cornwall built for testing full-scale wave energy arrays.