Convergence Investments

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26.5.2010

Pendennis Shipyard

During the later part of 2009 the yard invested in the extension of their dry dock facility and additional covered space.  This investment decision was made in order to accommodate a large new build project for a catamaran that would be lost if the owner could not be guaranteed that the project would be possible in covered dry dock facilities.  The extension to the facilities was completed and the project, Hemisphere, is now being built. 

Pendennis Shipyard, Adix re-fit

Pendennis Shipyard

The extension of the facilities at Pendennis has created an opportunity for further growth and the Company aim to employ an additional 35 people and confidently market this additional capacity. 

Additionally a number of these jobs are engaged in roles such as estimating, project management and logistics which aim to reduce some of the risks indentified in the business. 

Media releases

26.05.11 Pendennis Yard Update May 2011
11.03.11 Pendennis and Devonport Expands Refit Offering

Who's paying for this?

Pie chart of investments.

A - ERDF Convergence - £500,000
B - Pendennis Shipyard - £1,334,560

Investment overview

Investment theme: Strengthening business

View other investments within the theme Strengthening business.

European investment from: ERDF

View other investments funded by ERDF.

How do I find out more?

Contact

Ian Granville
Ian.granville@pendennis.com
01326 211344

Paul Wilson
DCLG Programme Delivery Team
Paul.Wilson@communities.gsi.gov.uk
0303 444 6577