£23.6m to grow marine sector in Wales

£23.6m has been announced to grow the marine sector in Wales by increasing collaborative research projects between business and universities.

Bangor University’s SEACAMS (Sustainable Expansion of the Applied Coastal and Marine Sectors) project has been given the go-ahead following EU backing of £12.6m from the European Regional Development Fund through the Welsh Assembly Government.

It is in collaboration with partners at Swansea and Aberystwyth Universities who are also funding the project with further backing from the Countryside Council for Wales.

The project will turn cutting edge research ideas into new processes, services and technologies to encourage over 450 businesses to grow, create new high tech jobs and win more global contracts.

As part of the project, a new Innovation Centre will be set up at the University’s School of Ocean Sciences (SOS) at Menai Bridge, Anglesey, which will provide laboratory and computing facilities for small and medium sized enterprises (SMEs).

SMEs will also have access to the SOS research ship Prince Madog, to focus studies on tackling the impact of climate change such as coastal erosion, flooding, water quality and offshore energy generation.

Deputy First Minister and Minister for the Economy and Transport Ieuan Wyn Jones: "Increasing commercial activity and promoting inward investment in the marine science sector will help secure high quality jobs and contribute to making Wales an international hub for this growing sector."

Further information:
Welsh Assembly Government