Crown Estate funding for Nerth

Nerth, a solutions provider to the marine and offshore industries, has secured funding from The Crown Estate to support the development of its project to create a dedicated servicing hub.

Based at Pool Innovation Centre (PIC), the project allows Nerth to be strategically positioned in the south west for future Celtic Sea windfarm developments.

The funding from The Crown Estate was secured through its innovative Supply Chain Accelerator. Established in May, the Accelerator is a £50 million fund created to accelerate and de-risk the early-stage development of UK supply chain projects that service the offshore wind sector.

Operating from PIC, Nerth has provided expertise in commercial and marine engineering services for over a decade. With the funding, Nerth and consortium partners plan to co-locate innovative and carbon-reducing technologies with training facilities and offshore contracting services to deliver an integrated servicing solution for 4.5GW of wind capacity in the Celtic Sea. The project will aim to develop a strategic coastal hub for hundreds of long-term highly skilled jobs in the south west region.

Director and owner Daniel Start said: “We’re delighted to be part of this pioneering programme. Collaboration and sustainability are integral to our long-term vision for the offshore servicing sector, and this initiative will enable us to put our philosophy into action.”

Matt Harrington, head of Cornwall Innovation Centres, added: “It’s brilliant for such forward-thinking companies in Cornwall to be leading the charge on innovative developments, from our Innovation Centre in Pool. We’re looking forward to continuing our support for Nerth during the growth of this project, as the company continues to go from strength to strength.”