A dry dock and new paint facility will be constructed at the shipyard
|
More than 80 jobs are to be created by the investment of millions of pounds in a Cornish shipyard.
Pendennis Shipyard in Falmouth has received a £2.9m grant from the Department of Trade and Industry.
The investment will provide 83 jobs and help guarantee the company's future in the county.
The money will be used to build a dry dock and new paint facility, together with a new construction hall and joinery workshop, office space and training facilities.
The company says it hopes the government funding will secure the shipyard's position as a market leader for refitting and refurbishing large yachts.
The investment is also good news for the local economy.
Pendennis already spends £1.8m with local suppliers, and this is expected to rise to £3m once the development is complete.
Home
~RS~q~RS~~RS~z~RS~49~RS~)
BBC NEWS CHANNEL
News services
E-mail this to a friend
Printable version
