EU Structural Funds
For the period 2014–2020, Wales will receive European Structural Funds investment worth some £2 billion for the following programmes:
- West Wales and the Valleys programmes
- East Wales programmes, which include the European Social Fund and European Regional Development Fund.
There are €100,428,444 EU structural funds prioritised for marine energy in Wales, with a maximum intervention rate of 69.43%. These funds are administered by the Welsh European Funding Office (WEFO). The strategic objective is (3.1) Increase the number of wave and tidal energy devices being tested in Welsh waters and off the Welsh coast, including multi-device array deployments, thereby establishing Wales as a centre for marine energy production.
Over the course of the programme the 2014-2020 the target is: MW installed capacity in wave and tidal (DUKES) Target: increase from 7MW to 20MW
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