Home > Latest News > Business News > Humber maritime group wins share of national coastal towns fund

Humber maritime group wins share of national coastal towns fund

Wendy

12/6/2024 10:33:10 AM

Business News

4 mins read

Financial boost: Iain Butterworth, Chair of Humber Marine & Renewables

 

Influential industry group Humber Marine & Renewables has been awarded £85,000 from the Department for Transport as part of an initiative to grow economies in coastal towns around the UK.

 

Amounting to nearly £1m, the Maritime Cluster Development Fund has been divided amongst nine UK maritime clusters and is intended to drive investment and help local businesses through delivery of skills, training and educational programmes.

 

The funding, which is to be matched by Humber Marine & Renewables’ supporters, will assist in its marketing of the region’s maritime sector as well as enhancing its work with new and existing members through additional business development activity.

 

Iain Butterworth, chair of Humber Marine & Renewables and director of Butterworth Marine, said he was excited about what could be achieved as a result of the financial boost.

 

“Our roots are in the Humber’s historic maritime industry, and we have a long history in supporting its development which includes, in recent years, assisting companies to use their unique and valuable skills to diversify into offshore wind.

 

“This award will significantly augment our ability to provide targeted assistance to this important contributor to the region’s economy and help it shine on the world stage.

 

“I want to thank our members and supporters for their role in making this happen through match funding and support in kind, with special thanks going to our board member Camilla Carlbom Flinn for her invaluable work in the grant application.”

 

Humber Marine & Renewables has been instrumental in promoting the region for its expertise in maritime and offshore wind, with many of its members now working in the renewables sector regionally and globally.

 

It hosts the internationally recognised Offshore Wind Connections conference and, last year, added the Humber Renewables Awards to its portfolio. 

 

The government’s Maritime Minister Mike Kane announced the funding, which is being managed by Maritime UK, and said that the maritime sector was key to unlocking regional economic growth. “The UK is a proud maritime nation, with our coastal communities being vital in unleashing our full potential and unlocking economic growth across the country,” he said.

 

“By investing in our excellent maritime clusters, we can deliver jobs, skills and training for local communities and turbocharge growth by delivering investment into the sector.”  

 

The nine clusters receiving funding (incl. allocation breakdown) are:   

 

Other Articles You Might Like

Stuart

3/14/2024 1:18:02 PM

Business Enterprise Fund to support 280 businesses and create 600 jobs with new £20m fund
Flexible finance provider the Business Enterprise Fund (BEF) has received a facility of £20m to boost support for small ...

Wendy

10/8/2024 8:57:02 AM

Creative Growth programme plugs into Power Hour to connect with digital sector
A series of free business briefings launched to build collaboration between digital agencies across Hull and East Yorksh...
Business News 4 min read

Stuart

1/25/2024 4:16:53 PM

New bus journeys funded by the council to start this weekend
A raft of new bus journeys are set to launch across the East Riding from this weekend thanks to funding from East Riding...

Wendy

6/3/2024 9:08:39 AM

Credit Union keeps multi-million pound “bankers bonus” in the local economy as it reaches 25-year milestone
An organisation set up to help families in Hull manage their finances estimates it has saved members across the region a...
Business News 4 min read