Tidal power fund

The government has launched a £500,000 fund to help environmental entrepreneurs and small businesses develop ideas to generate electricity from the River Severn's tidal power.

The Severn Embryonic Technologies Scheme, which was recently opened to bidders, could help develop proposals such as tidal reefs and fences.

The tides in the Severn Estuary are among the highest in the world and have the potential to deliver approximately five per cent of the UK's electricity.

The £500,000 scheme is being managed by the Department of Energy and Climate Change (DECC), the Welsh assembly government, Defra, and the South West of England Regional Development Agency.

The government is already beginning a public consultation on shortlist of five power-production schemes for the Severn Estuary tides. The shortlist includes a mixture of barrages and lagoon schemes.

Mike O'Brien, UK energy and climate change minister, said that so far the government’s consultation on the shortlist has received more than 400 responses.

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