Edward Davey, Secretary of State for Energy and Climate Change, visited Marine Current Turbines (MCT) – a Siemens Company, at the Bristol & Bath Science Park yesterday to celebrate its success in receiving funding from the Government’s Regional Growth Fund for research and development into innovative tidal technology.
Mr Davey was in Bristol to announce the next round of RGF funding, which will provide an £18 million boost to seven South West based businesses.
The £1 million grant to MCT will create 49 new jobs by establishing a tidal turbine blade manufacturing facility in the region.
Bonnie Dean, chief executive of the Bristol & Bath Science Park, says:
“The Bristol & Bath Science Park is a hub for innovation in the South West and I’m delighted to see this significant investment in MCT, who are a key part of our community.
“The funding will create 49 high value jobs and enable MCT to invest in research and development which will reinforce our region’s position at the forefront of environmental technologies.
“MCT is a good example of a business that has innovation at its heart, and it’s encouraging to see the government making this commitment today.”