Report detailing efforts to build capacity in Cornwall’s private sector ahead of FLOW.
It focuses on work completed in Cornwall through the Strategic Sector Development programme (funded by the Shared Prosperity Fund) that directly commissioned eight industry delivery plans. This prompted the formation of locally-led UK consortia and accelerated the development of credible investment propositions. The report highlights credible ambition alongside common barriers to growth and articulated the distinction between industry needs and regional wants.
Conclusions
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Celtic Sea FLOW is a major opportunity for Cornwall but is fraught with risk for smaller companies.
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Targeted effort to scale up existing capability is “no regret activity.”
Recommendations
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Build capacity of ambitious UK companies with existing capability.
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Use procurement and early contractor engagement to build a UK commercial track record and reduce funding risk.
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Prepare propositions with credible ambition and seek timely investment.
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Take practical steps locally to address key inhibitors to business growth.
Feel free to contact us for more information and see an abridged version of the report here: Capacity Building of Cornwall’s Private Sector ahead of Floating Offshore Wind in the Celtic Sea_to Ch3.2
