Innovation and Investment

We aim to build on our strengths, our world class business and marine innovation assets, the Oceansgate Enterprise Zone, the University of Plymouth’s Marine Institute, Plymouth Marine Laboratory and the Smart Sound ocean technology proving ground.

Our Freeport will:

  • Enable our new innovation centre to become a major collaboration hub for marine and defence innovation.
  • Further develop our unique platforms like Smart Sound for marine and defence solutions and the marine sector across South Devon.
  • Enable us to prototype and bring new products to the international marketplace that are made in Devon.
  • Unlock the developable land on the city’s outskirts by improving direct access to the A38 Devon Expressway. 
  • Operate gateway policies to ensure businesses setting up in these zones form powerful clusters around key themes and do not displace existing business activity.

The Ocean Futures programme creates a blueprint for the region’s future blue economy and identifies the South West’s key strengths in fields including marine autonomy, digital innovation and the development of clean maritime technologies. More information is available on the Maritime UK South West website.