Prof Lars Johanning of the University of Exeter, lead partner for Marine-i, said: “The development of floating offshore wind energy in the Celtic Sea is a huge opportunity for Cornwall and the South West.

“Enabling this technology to reach its full potential will require new thinking and innovative solutions from potential suppliers, just like those being proposed by TUGDOCK.

“We will be helping them to demonstrate the operational capability of the new platform, using the world-class testing facilities at COAST Lab.

“We will also be researching the types of sites that the platform would be used in and how stable it will be in various sea conditions.”

Mr Lowe-Houghton added: “We are very grateful for this support from Marine-i. Having access to this level of research expertise will really help to accelerate the development of our unique technology, opening up a fast-growing global market for us.”