Funders

EMEC is a not for profit, private company, limited by guarantee.

Established in 2003, EMEC was set up by a grouping of public sector organisations following a recommendation by the House of Commons Science and Technology Committee in 2001.

To date, around £42 million of public funding has been invested in the Centre by public sector organisations, including Orkney Islands Council, Highlands and Islands Enterprise, Scottish Enterprise, Scottish Government, UK Government, The Carbon Trust, and the European Union.

The EMEC’s Board is extremely grateful that the public sector recognises the importance and potential of the marine renewable industry in this way and is proud to report that, in 2011, EMEC became financially self-sufficient.

A 2023 economic impact assessment showed that, as a result of EMEC’s operations over the last two decades, £370 million GVA has been added to the UK economy. This represents approximately £9 returned to the economy for every £1 of public investment.