Cornwall Council is taking over the county’s revolutionary Wave Hub as part of a package of investment designed to put Cornwall at the heart of the emerging Marine Renewables sector.

The Department for Business, Energy and Industrial Strategy (BEIS) has agreed to hand over the Wave Hub, based in Hayle.

Julian German, the council’s cabinet member for economy and culture, said: ’Wave Hub provides a fully grid-connected wave energy site approximately 10 miles off the north coast of Cornwall and, together with the Marine Renewables Business Park in Hayle, offers an exceptional opportunity to attract international inward investment to Cornwall and support local device developers and the supply chain. 

’This announcement builds on Cornwall’s maritime and engineering heritage and I am delighted that Cornwall Council is playing a leading role in supporting the low carbon economy.’

The deal, agreed between UK Government and Cornwall Council, will see the transfer of Wave Hub along with £14m of funding and the creation of a low carbon Enterprise Zone during 2017.

Julian German said: ’Our vision is that Cornwall will be a global centre for research, technology development and expertise and the location of choice for businesses engaged in the development, deployment and operation of wave and floating wind technologies.’