Marine fund opens for pre-applications
Tue, 7th October 2014

Marine fund opens for pre-applications

Marine companies across the South West can apply for grants of £50,000 or more as part of the second round of the Cornwall Marine Capital Fund.

The fund is open for pre-applications and will award companies capital to expand, including purchasing new machinery, developing technology, building new premises and bringing existing properties back into use.

It was created by the Cornwall Marine Network (CMN) after it secured £1.85m from the Regional Growth Fund.

Paul Wickes, chief executive of CMN, 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."

Interested groups must complete a pre-application survey before 1 February 2015.

Grants will be awarded for between 10 and 40 per cent of the total cost of the expansion project. All marine businesses can apply, including leisure, boat building, marine renewable energy and engineering companies.

category South West  |  source Insider Media