Support for UK marine industry
The Technology Strategy Board (TSB) is to invest in R&D to support innovation and growth in the UK’s marine industry.
The TSB is a business-led Government body - sponsored by the Department for Business, Innovation and Skills (BIS) - created to ensure that UK is a global leader in innovation.
The 'UK Marine Industries Growth Strategy' was launched by the Business and Enterprise Minister at the Southampton Boat Show on 19 September. It can be downloaded from the UK Marine Industries Alliance link below.
The TSB's Chief Executive stresses that investing in technology and innovation is vital for the future of the British marine industry - 'The TSB helps businesses to move ideas and innovations more quickly along the path from concept to market'.
The Board is currently funding a technology roadmap and assessing the UK’s capabilities across different sectors of the marine industry. Through these studies, 16 of the highest priority opportunities have been identified, from engine technologies with reduced emissions and marine biofuels to the construction of offshore renewable energy assets and marine information and communication technology (ICT).
The TSB plans to open a competition for R&D grant funding in 2012 - once the road map shows which sectors of the industry should be supported.
UK marine industries currently employ nearly 90,000 people, generate over £10 billion in turnover and contribute nearly £3.5 billion value to the nation’s GDP.
Details from the TSB below.