… and the investment tide comes in

Scottish Enterprise, which launched a £13 million WATERS fund in 2010, is now to put a further £6 million into WATERS 2, aiming to bring low – cost marine energy devices into affordable commercial application.

The overall aim is to enable Scottish developers and supply chain companies to capture an increased share of the growing global marine energy market. The development costs are high, but the WATERS 2 fund will help to meet them, and the result could release £4 billion for Scotland’s economy by 2020.

The fund is now open for applications and full information can be found at the Scottish Enterprise website.