Docking-based Tidal Transit has been awarded a £48,000 grant which will be used to continue to develop its state-of the-art fleet of vessels which service the off-shore energy industry.
The money has come through the grant programme, Supply Chain innovation for Offshore Renewable Energy (SCORE).
Tidal Transit’s latest fleet addition is being developed in collaboration with Norwegian company, Umoe Mandal, and the SCORE funding means that the business’s team will be able to be involved at every stage of the design and build process, which is taking place in Mandal, Norway.
Umoe Mandal are building a Wave Craft vessel, which uses air cushion technology to counteract wave forces and therefore enables craft to operate in higher sea states as well as with higher transit speeds.
Leo Hambro, commercial director of the company, winner of the Small Growing Business Award in the Mayor’s Business Awards, welcomed the grant. He said: “With the heritage of the company laying in the day-fishing industry, innovation has been key to the evolution of the company and was pivotal in our bid for SCORE funding.
“Securing such a significant grant enables us to be totally ‘hands-on’ throughout the development and build of the first Wave Craft vessel which, when operational, will reaffirm our position as pioneers in supporting the region’s latest generation of offshore wind farms.”