- Total project investment of £8.3m
- £1m grant through Round 6 of RGF
- 120+ new jobs including 15 apprenticeships
Brightlingsea/Essex, 12 February 2015 – CTruk’s plans to build larger vessels for offshore wind and diversify for sustainable growth were given a boost today with Deputy Prime Minister Nick Clegg’s announcement that the Essex-based SME has been selected to receive funding through Round 6 of the UK Government’s Regional Growth Fund.
The £1 million RGF grant will catalyse private investment of around £7.3 million for the construction of an Advanced Composite Technology Centre, incorporating a training facility, on the River Colne in East Colchester. It is expected that the project will create over 120 new jobs over the next few years, including the provision of training skills for 15 new apprentices.
The centre will enable CTruk to build larger workboats designed to meet the complex demands of wind farms further offshore, educate the next generation of modern boat-builders and facilitate diversification into other commercial marine sectors (the company recently announced a hydrographic survey vessel order from the Port of London Authority). CTruk also plans to use its composite expertise for non-marine manufacturing at the centre in the longer term future.
