Belfast, 27th July 2023 - Artemis Technologies, a leading developer of clean maritime technologies, welcomed the launch of the Shipbuilding Credit Guarantee Scheme (SCGS). The scheme, which is backed by the UK government, hopes to boost sales of UK-made ships with £500m of credit guarantees.
As a company committed to promoting innovation, sustainability, and growth in the maritime sector, Artemis Technologies welcomes this landmark initiative which will help speed up decarbonising the maritime sector.
Artemis Technologies CEO Dr. Iain Percy OBE said: "We are delighted to see the launch of the SCGS. This is a significant boost for the UK maritime industry, and it will help us to accelerate our plans to deliver innovative, sustainable maritime solutions to ferry operators, offshore wind companies and ports right across the UK.
"As recent global events have shown us, the need to decarbonise continues at pace. The SCGS will make it easier for UK operators to access finance for UK-built vessels, and this will help to create jobs, speed up the transition to net-zero technologies and boost economic growth. We are committed to working with the government and other stakeholders to ensure that the SCGS is a success."
The SCGS is part of the government's £4 billion plan to support shipbuilding through the National Shipbuilding Strategy Refresh. The scheme is expected to create hundreds of jobs and contribute millions of pounds to the economy.
Percy added: "The SCGS is a clear signal of the government's commitment to the UK maritime industry. We are confident that this scheme will level the playing field and help make the UK a leading global hub for clean maritime technologies and vessels."
Artemis Technologies is a world-leading developer of sustainable maritime technologies. With its headquarters based in Belfast, Artemis Technologies acknowledges the potential for the scheme to generate hundreds of high-quality jobs in the region and beyond.
ENDS
Contact:
For further information please contact Gail Cook, Head of Marketing on 07732 542149 or gail.cook@artemistechnologies.co.uk
Notes to Editors
For more information please visit: http://www.artemistechnologies.co.uk/
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About Artemis Technologies
Artemis Technologies is a world leading high-performance maritime design and applied technologies company committed to decarbonisation of the maritime industry. With skills in simulation, lightweight structure engineering, electronics, hydraulics, aerodynamics and hydrodynamics, Artemis Technologies develops high-speed zero-emission vessels and propulsion systems to help ensure a sustainable maritime future.
In 2022, Artemis Technologies launched to market the world’s first commercially viable zero-emission, 100% electric range of foiling workboats and the world’s most advanced, 100% electric, 150-seater passenger ferry. Other products in the Company’s portfolio include the Artemis EF-12 CTV and Artemis EF-12 Escape, a luxury water taxi for smart cities and sustainable tourism.
