Future Solent Presentation to Future of Winchester Conference December 3 rd 2015

Presentation to Future of Winchester Conference

December 3rd 2015

Brief history since 2012What we are not What we are

What have we achievedBuilt a triple helix

organisation of talented creative well connected people

Created 147 jobs - ave salary £30,000

65 SMEs creating low carbon product/process

Attracted £30m Inw Inv

Env tech hub set up at UoP + wireless tech hub for SMEs

4 conferences - 800 SMEsManaged Hampshire SBN Created “GTS”, “Energise

Solent” and a “Regional Bank”

Creations - Greentech SouthThe Technology and Innovation ClusterLaunched - Annual conference on 2nd October

2015110 SMEs joined since Why do they join?

Greentech South Support to Business

• £4 Million grant scheme to assist companies in commercialising ideas

• Find new markets for export• Facilitate 200 Greentech

apprenticeships with SMEs within 2 years

Greentech South Growth

• Build a strong network of active companies with clear areas of special interest

• Create a thriving and internationally recognised World Class Cluster

Inspiring Responsible Economic Prosperity

There is no contradiction between being resource efficient and fostering economic growth.

Greentech Cluster Explained

Bringing together organisations in a geographical area who are developing and delivering new clean technologies and innovations

Why This is an Important Sector• 11,550 Businesses directly

engaged in the Low Carbon Economy• £70.8bn (£121.7bn if including

supply chain) turnover in 2013• £26.2bn (£44.9 bn if including

supply chain) in GVA in 2013.• Year on year growth in turnover

from 2010-2013 was 7.6%

Specialist Interest Groups

Finance Renewable Energies

Low Carbon

Circular Economy

Bluetech Environmental

InnovationSkills and EducationSME Development and Trade

Transport and Logistics

Our 5 year plan is to Attract £2.38 billion Create 2,000 sustainable jobs8% carbon reduction Manage a pipeline of renewable energy projects that

will create 10% of the energy for the RegionCreate our own energy company

Some Companies who succeeded: SME IOW

Sector – tidal turbine platform Need – establish an innovative tidal platform tethered to

the sea bed by a patented series of ropes that enable quick maintenance and can be raised or lowered to hit the sweet spot in the tidal flow.

Cost – £1,300,000 Grant - £100,000Created up to 15 new jobs

Some Companies who succeeded: GPS

Sector – Oil spillage control Need – Development and manufacture of a new and

highly efficient small oil recovery vessel, together with associated new equipment to fill a gap in the market

Cost £600,000 Grant £100,000 Job – creation – could be up to 20

Some Companies who succeeded: Redlux

Sector – Ultra precision engineering – non contact measurement

Need – Improve quality control in components for wind turbines – mainly bearings which can be expensive to replace. They are measured at point of production to ensure perfect curvature.

Cost – £216,000 Grant - £100,000Match – Investors. Jobs – 5

Thanks for listening richard@futuresolent.co.uk07770 60 56 64anna@greentechsouth.org07825 14 41 47