Image: Hayle Marine Renewables Park – PBWC Architects for Cornwall Council
Tugdock has pioneered a patented modular floating drydock technology designed to revolutionise floating offshore wind operations. The Good Growth Programme is investing £932,000 into a £1.33 million project to develop a cutting-edge manufacturing facility and a dedicated R&D engineering workspace for Tugdock in Cornwall. This will enable in-house production and increased productivity, accelerating the company’s global growth.
Tugdock is seen as a key enabling supply chain company that will accelerate the development of the floating offshore wind industry. It has already formed strategic partnerships with many leading offshore renewable energy development companies around the world and its technology has been deployed at France’s first floating wind farm.
Their new manufacturing facility will be located at Hayle Marine Renewables Park. The new R&D workspace will focus on advancing Tugdock’s technology, exploring sustainable materials and automation processes, and fostering collaborations with academic institutions to stay at the forefront of clean maritime innovation. The project will create a range of high-skilled jobs in Cornwall, promoting long-term economic growth in the region.
This project is part-funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council has been chosen by Government as a Lead Authority for the fund and is responsible for monitoring the progress of projects funded through the UK Shared Prosperity Fund in Cornwall and the Isles of Scilly.
The UK Shared Prosperity Fund is a central pillar of the UK Government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK by investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus
