The backing, awarded through the £300m fourth round of Westminster’s Regional Growth Fund (RGF) scheme, comes as the developer gears up to build first industrial-scale arrays in the fast-flowing tidal flow off Wales and Scotland.

“MCT was the first mover in tidal technology in the UK and this support will help us to move to the next level of development,” says MCT chief executive Sven Stoye.

“Tidal