The Engineer

Government to fund offshore energy and innovation centre

News

UK business secretary Vince Cable has announced that the government is to fund an offshore renewable-energy technology and innovation centre that will focus on technologies for offshore wind, wave and tidal power.

The government has committed more than £200m over the next four years to establish an elite network of at least six technology and innovation centres. The centres will allow businesses to access equipment and expertise to help them commercialise new and emerging technology.

The announcement of the offshore renewable-energy technology and innovation centre follows earlier announcements about centres in high-value manufacturing and cell therapy.

Vince Cable also announced that £20m will be invested into two clean-technology funds, Zouk Cleantech 2 and HG Capital Renewable Power Partners 2, as part of the £325m UK Innovation Investment Fund (UKIIF).

The funds will support businesses with high-growth potential that are raising equity finance. The money will then flow into companies working on alternative-energy generation, renewable-energy infrastructure including wind farms, energy efficiency and water treatment and conservation.

Organisations interested in running, being a part of or working with the new technology and innovation centre can contact the TSB on 0300 321 4357 or email competitions@tsb.gov.uk.

Register now to continue reading

Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.  

Benefits of registering

  • In-depth insights and coverage of key emerging trends

  • Unrestricted access to special reports throughout the year

  • Daily technology news delivered straight to your inbox

Register
Or continue by

Signing in with your registered email address