Narec Successful in Bid for Regional Growth Fund (UK)
Andrew Mill, CEO, The National Renewable Energy Centre (Narec):
“With the support received from the Regional Growth Fund, Narec will help to sustain the UK’s leading position in the offshore wind sector by driving the commercial development of seven new innovative products or services.
Narec will manage the £11 million R&D programme, which includes match funding from the private sector to the order of £5 million, to bring together offshore market leaders with world-class technology providers and academia here in the UK.
“The projects each address a key challenge in the offshore wind technology supply chain and will directly create or safeguard over 1000 jobs over the next two and a half years, with further employment opportunities expected to follow. This is another fantastic achievement for Narec, where we are investing over £150 million to establish a world- leading centre for accelerating the deployment of offshore renewable energy technologies.”
Source: narec, November 01, 2011