Falmouth shipyard begins £10m expansion
- Published
Pendennis Shipyard claims the £10m investment will lead to a 20% increase in jobs over three years
The £10m expansion of a south Cornwall shipyard has begun with the company behind it claiming it will lead to an increase in jobs.
Plans for Pendennis Shipyard in Falmouth will enable larger vessels to be built and moored at the site.
The 25-year-old shipyard employs about 360 people and is a facility for building "superyachts".
The company said it would lead to a "20% increase in jobs over the next three years".
Christine Winans, company spokeswoman, said with companies in Europe already investing in their facilities, it was "really important that we maintain our status by putting investment into our buildings and facilities as well as our staff".
Managing director Mike Carr said: "The boats that we deal with are getting bigger and bigger, so we need to have larger buildings and ultimately have somewhere alongside where we can moor them to."