Scottish Enterprise Support for the Energy Sector Maggie McGinlay Director, Energy & Clean Technologies April 2014
Scottish Enterprise We work with businesses across Scotland and globally and attract investment to stimulate economic growth and improve the business environment. We spend £300m per annum to support companies and sectors to grow. We work in partnership with universities, colleges, local authorities and other public sector bodies to maximise our contribution to the Government Economic Strategy.
Our Economic Context A small business base , Average performance on relative to our Innovation , including Low population business investment in R&D Growth Companies 2,700 Growth In our business base, a high A world-class university Firms proportion of companies research base , in some key 5,219 reach high-growth technologies and sectors 14,000 “SMEs “ SCOTTISH with turnover of GDP £1m+ £128bn Some world- EXPORTS class assets, 102,275 firms with 15,185 Exporters BUSINESS START-UP clusters and 2,261 with 50%+ 15,957 start-ups employees companies turnover from exports 11,000 likely to take on employees 55 to achieve high- 239,080 self-employed growth status (businesses with no employees) Low export growth , with Scottish Business Birthrate 76% exporting concentrated in a of UK’s (74% in 2009) small number of companies, 341,360 businesses in Scotland sectors and markets (339,110 with 250 employees or less] Shortages of relevant skills and Strong, sustained talent in some performance in inward sectors investment, especially in high-value activities Very Low rates of business investment Average Skills levels Strong, Equity Capital Market
SE Business Plan Priorities 2014-17 To deliver our international ambition, our business plan has five operational priorities, based on the areas where we believe we can have the greatest impact on economic growth: • Growth Companies - more emphasis on building the international capacity of companies we support, including our approach to investment and high-impact entrepreneurship. • Internationalisation - embed this across all our work and in particular, help grow exports and attract significant investment by enhancing Scotland’s global connections. • Innovation - stimulate a significant improvement in Scotland’s innovation performance by focusing on product development and market opportunities, particularly in international markets. • Low Carbon - support Scottish companies and sectors to identify and access international low carbon markets in areas such as energy and resource efficiency. • Renewables - build on the advantages Scotland has in offshore renewables and address the challenge of securing significant investment in the supporting infrastructure.
Raising International Ambition - Team Scotland Renewable Energy in Scotland TEAM SCOTLAND APPROACH Work closely with range of public and private sector partners Local co-ordinated presence Increase in overseas coverage Embed within Industry Strategies Selling Scotland
What We Do Support to Companies • Export Support Account Management • Inward Investment - Field Offices • Growth Companies - Global Networks • “Important to Economy” - Leadership Development International Trade & Investment - Business Efficiency Investment Scottish Investment Bank Scottish Development Globally • Seed Fund International • Co-Investment Fund Competitive • Loan Fund Businesses • Life Sciences Fund • Renewable Energy Investment Fund - Financial Readiness Capital Grants Innovation Support Regional Selective Assistance R&D Grants Commercialisation • Support for Capital Investment • Support for Innovation • Job Creation • R&D Support ( Renewables ) • Commercialisation - Proof of Concept - ‘Entrepreneurial Companies”
What We Do (2) Energy Advisory Board Sector Leadership Oil and Gas, Renewables, Industry Leadership Groups Thermal Generation and CCS Industry Leadership Groups Offshore Wind Route Map Sector Strategies Marine Plans Transformational Change Oil & Gas Globally Smartgrid Action Plan Competitive Sectors Exports: oil & gas, food & Sector Delivery Plans drink, renewables SE’s Contribution Company Engineering ITREZ Sector Projects ORE Catapult …to stimulate sector growth
Oil & Gas Case Study - Titan Torque Scottish Enterprise helps Titan Torque expand horizons in global oilfield equipment market “Titan Torque is precisely the type of company we want to encourage - innovative, ambitious and open to international collaboration. It is great to see yet another Scottish-based firm blazing a trail in the global oilfield equipment market and Scottish Enterprise is proud to support the development and commercialisation of pioneering oil and gas technology.” Neil Robertson, Scottish Enterprise
Offshore Renewables - The Challenges Offshore renewables present the biggest opportunity for sustainable economic growth in Scotland for a generation; however, there are significant challenges that must be addressed:- investment in infrastructure appropriate supply chain ongoing innovation of technology and practices regulation of and access to the Electricity Grid managing the marine environment availability of Skills access to finance securing support of local communities and existing users of the Sea.
Scotland - Leading the Field in Innovation European Marine Energy Centre for test and demonstration - a world’s first Supporting growth of key companies UK R&D Excellence based in Glasgow
Case Study - AlbaTERN SQUID is an innovative wave energy device that has been proven at scale in a wave tank - the next step is to prove the full size device in the sea. The WaveNET is a unique wave energy array system, constructed from multiple SQUID modules, that can be readily adapted to suit the specifications of the site and the customer’s power requirements. AlbaTERN sees their first customers as fish farms or other similar operations and have calculated a cost saving model against diesel. The longer term ambition is to develop an economically viable wave energy system which can be used for grid connected electricity generation.
Case Study - AlbaTERN (2) Support from Scottish Enterprise: Designated Relationship Management. High Growth Support Unit. SMART - Feasibility study of the squid wave energy converter. R&D Grant - Squid wave energy converter R&D programme. WATERS (Wave and Tidal Energy RD&D Support fund) 2 - development and demonstration of wavenet array utilising 2 nd generation Squid.
Case Study - Nova Innovation Nova Innovation Ltd (Nova), an SME founded in 2009, was established to design, manufacture and install commercial tidal energy devices Nova has secured a commercial order (understood to be the world’s first community owned tidal turbine) for its first 30KW turbine at North Yell in Shetland - which will supply electricity to the Cullinvoe Ice factory and to the SSE grid in Shetland. A Crown Estate lease has been secured for the Shetland Tidal Array project, utilising larger “next generation” technology. This project is on schedule for deployment in early 2015.
Case Study - Nova Innovation (2) Support from Scottish Enterprise: Account Managed Growth Company. SMART feasibility study - small diameter direct drive immersed generator R&D Grant - low mass mid column tidal turbine support structure. Shetland Tidal Array project: – Research & Development Grant – Renewable Energy Investment Fund.
Support to the Energy Sector Understand the global opportunity Be clear on Scotland’s competitive advantage Support companies and sectors to be globally competitive Support overall business environment – infrastructure and financial
Scottish Enterprise Support for the Energy Sector Maggie McGinlay Director, Energy & Clean Technologies margaret.mcginlay@scotent.co.uk Tel 01224 252001
Recommend
More recommend
