9th January 2018By Julia PenhaligonWith no new European money on the horizon, what happens when…
Cornwall’s Wave Hub: £42 million down the drain?
16th May 2018 By Richard Whitehouse With hindsight, Cornwall’s Wave Hub “probably” would not have received £42 million in public funds, the Cornwall and Isles of Scilly Local Enterprise Partnership…
To view the rest of this article, please subscribe to Cornwall Reports
This article has 3 comments
Comments are closed.
Surely this is failure of central government to put funds into R and D for marine renewables. Instead they support fracking and totally over-ride the rights and opinions of local people in the north of England. Their funders are from the fossil fuel industry not the renewable sector. I would have thought the LEP and Cornwall Councilshould be supporting the hub instead of being negative and derogatory.
Is not the £42/3 million the figure put into the project by ERDF?
With other funds coming from SWRDA, Cornwall Council and the government, I would not be surprised if the waste was very significantly higher than this. When setting up a business, the first thing to cover off is research. It seems like to little attention was given to this with Wavehub.
No doubt the business case for the wave hub was as thorough as the one for the ACO.