Greg Barker to name region as the first of a series of parks designed to acclerate development of wave and tidal technolog
A huge area running from Bristol to Cornwall and the Isles of Scilly will today be named as the UK's first designated zone for the development of marine energy. Climate change minister Greg Baker will announce the South West Marine Energy Park (MEP) and launch a prospectus outlining how the public and private sectors will work together on the project during a visit to Bristol. The prospectus says the South West MEP will make it a priority to secure additional incentives for business investment including, business rate reductions, higher levels of capital allowances, Regional Growth Fund and other enterprise grants, inward investment, and access to the Green Investment Bank. It will also look to coordinate port and infrastructure development to support the industry's growth. As well as national and local government, the Crown Estate, local enterprise partnership Regen SW, the Universities of Plymouth and Exeter, and marine energy testing site Wave Hub will all be involved in the marine Park.
No comments:
Post a Comment