Shipbuilder CTruk Awarded Round 6 RGF Grant
Essex-based shipbuilder CTruk received a £1 million ($1.5 million) grant for the construction of an Advanced Composite Technology Centre from the UK Government's Regional Growth Fund, the office of Deputy Prime Minister Nick Clegg announced today. The funding from the successful Round 6 bid will catalyze £7.3 million ($11.2 million) in private investment for the facility, which will allow the company to build workboats for offshore wind farm operations, CTruk announced in a press release.
Plymouth, UK, Maritime Development Land Deal Signed
The deal is described by the British Government as a once-in-a-generation opportunity to expand the region’s marine and advanced manufacturing industries by freeing up land at the South Yard in Devonport Naval Base. It will enable marine companies to grow their operations, the relocation of supply chain companies to the region and the creation of new marine enterprises. The City Deal is intended to reinvigorate the region’s marine and advanced manufacturing sectors, creating over 9,000 jobs.
Offshore Wind Industry To Get Huge UK Investment
Government and business publish a long-term strategy that will strengthen the UK’s position in the offshore wind industry. The multi-million pound investment has the potential to unlock £7 billion in the economy by 2020. The UK currently has more offshore wind power than the rest of the world combined. The offshore wind industrial strategy aims to grow UK supply chain manufacturing so that more of the work and jobs can be done here. Investments by the government will include £20 million from the Regional Growth Fund to improve the UK wind industry’s supply chain…
