Many thanks for all the positive post on this topic! Just winding back a bit, there was a comment about this initiative being undertaken just to attract grants. Sadly, that's completely and utterly untrue! The rest of the press release, which they haven't published because it it too controversial, is as follows: -
It is a pity that such a critically important sector, comprised mainly of small and delicate companies, still has no significant direct public sector support – although such support is available elsewhere. Many people would have expected that very generous Convergence Funding or Government grants would be available to help small private firms such as Ocean and Kensa to generate sustainable green collar jobs with significant capital projects; sadly, it is not. What is worse, banks are taking a very conservative view on lending which means we have to rely entirely on finding forward-thinking private sector investors.”
Cheers
Richard Freeborn
Director of Ocean, Kensa and Mount Wellington Mine Ltd