Convergence Investments

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1.6.2009

Cornish Crabbers (Cornish Crabbers LLP)

Cornish Crabbers, a boat building company based in Rock, North Cornwall, is receiving ERDF Convergence investment to expand the business by purchasing the premises it currently occupies and investing in production equipment.  Investment is also being provided for the installation of photovoltaic cells as part of the business’ efforts to reduce its carbon footprint. 

Cornish Crabbers at Sea

Cornish Crabbers at Sea

This investment will safeguard the 10 existing jobs at Cornish Crabbers and employment is forecast to grow to 32 by 2013.

Convergence assistance is being provided through the Grant for Business Investment Strategic Investment Framework which has been established to support the expansion, modernisation and diversification of businesses, typically through acquisition of key assets such as buildings, plant and machinery – creating jobs, raising business productivity and raising skills levels. 

Cornish Crabbers
“The journey of this company from ‘rock bottom’ to the swelling tides of a successful business is an exemplar to many businesses facing challenging and unpredictable economic climes. There is no single secret of success. A combination of intelligent investment at the right points that made sense to their business plan and supported their management and technical expertise has incrementally accelerated their success.”Carleen Kelemen, Director of the Convergence Partnership Office for Cornwall and the Isles of Scilly

Related Links

02.11.10 Cornish Boat Builders go Global
27.09.10 Falmouth boat builders making waves
18.08.10 Cornish Crabbers on crest of a wave

For Further Information

Cornish Crabbers

Who's paying for this?

Pie chart of investments.

A - ERDF Convergence - £150,000
B - Cornish Crabbers LLP - £553,000

Investment overview

Investment theme: Strengthening business

View other investments within the theme Strengthening business.

European investment from: ERDF

View other investments funded by ERDF.

Project status

View full timeline

1.6.2009 Start date

31.12.2011 Completion date

Cross cutting themes

Cornish Crabbers plans to invest in photovoltaic cells to help reduce its carbon footprint.

How do I find out more?

Philip Langsdale
Chairman
Cornish Crabbers LLP
Tel: 07525 859696

Paul Wilson
DCLG Programme Delevery Team
Tel: 0303 4446577
Paul.Wilson@communities.gsi.gov.uk