Marine Hub Cornwall has officially gone live as an Enterprise Zone.
Located over three sites at Hayle, Tolvaddon and Falmouth Docks, the hub will help to cement Cornwall’s status as a world-class centre for marine renewable energy.
The hub will bring together businesses and expertise in the marine renewables and technology sector, helping to attract investment and create well-paid jobs.
Its centrepiece is Wave Hub, the world's largest wave energy testing facility.
Marine Hub Cornwall is one of 12 new Enterprise Zones to go live this spring, boosting economic growth across the country.
Enterprise Zones support businesses by helping budding entrepreneurs to start and established companies to grow.
Cornwall is a global player in marine renewables and the wider marine technology sector.
Marine Hub Cornwall will build on previous successes and provide a great platform for businesses to grow, create well-paid jobs and work together to attract further world-class talent and investment.
There are now 48 Enterprise Zones in England.
Since the launch of Enterprise Zones in 2012, more than 700 new businesses and 29,000 jobs have been created while more than £2.6billion of private investment has been secured.
Local Growth Minister Andrew Percy said: “Our modern Industrial Strategy is about creating the right environment for businesses to grow - Enterprise Zones are making sure this happens across the country.
“This is a key part of our Plan for Britain, creating a stronger economy that works for everyone.
“These 12 new Enterprise Zones will help even more businesses to set up and grow. I’m confident they will build on the success we’ve already seen over the past five years.”