Finance Wales injects £2.7 million into Holyhead Boatyard

The Holyhead Boatyard Group has set a course for expansion after securing a £2.7 million investment from Finance Wales.

The growth capital, made through the investment arm of the Welsh government, has enabled Holyhead to purchase two specialist marine vessels, bringing the total number of its fleet to 33. One of the new vessels is currently servicing the Democratic Republic of Congo’s oil industry and the other is being used in European offshore wind farm operations.

The Anglesey-based group has expanded rapidly in recent years after securing a number of new offshore energy industry contracts in the growing renewables market, as well as the oil and gas sector.

Holyhead commercial and operations director James Burns comments, ‘With thousands of further turbines planned for construction off the European coast alone, the group is well placed to support companies working on offshore power generation projects.

‘Finance Wales’ investment will help the group to satisfy its growing order book. We have been able to recruit more staff and will continue to do so as the demand from the offshore energy industry grows.’

Holyhead has been owned and managed by two generations of the Meade family since they established it in 1962. The group comprises Holyhead Towing Company, Holyhead Marine Services and Turbine Transfers.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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