This brings the total government investment in the development of new wind technology on the Isle of Wight to just less than £10m, with half from SEEDA and half from DECC. The funding will allow Vestas to develop its next generation of offshore blades.
The funding is being provided on a competitive basis; Vestas, along with other companies, bid against the Environmental Transformation Fund (ETF) scheme for offshore wind R&D.
Vestas submitted its bid earlier this year for funding for two different projects under the ETF - developing new ways of validation and testing and developing automated manufacturing processes.
The company currently employs 160 people on the Isle of Wight. By the time the new R&D centre opens in 2011, this figure is expected to grow to 200 people and to 400 over the following years.
The R&D centre will strengthen the composites cluster and expertise on the island, which includes aerospace engineering company GKN, which SEEDA is also working with.
Engineering industry reacts to Reeves' budget
I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...