The project involves Calidus now renamed Severn Subsea Technologies consolidating from three bases around Cornwall - in Falmouth and Redruth, to purpose-built workspace, at Treleigh Plot 6, near Redruth, with facilities for research and development; a laboratory and manufacturing.
Calidus specialises in downhole and subsea oil and gas engineering and extreme geothermal engineering. Moving from 3 locations to a single, larger site with R&D, laboratory and manufacturing under one roof will give sufficient space for the business to grow.
Nigel Halladay, managing director of Calidus, which was established in 2003, said, “This centralisation means that skilled jobs will be safeguarded and created and we can accelerate our research and development into new products. The company requires an unusual mixture of facilities including a 200m deep borehole within the building for system testing.
“The funding is vital to the company development and triggers recruitment plans for the coming two years whereby we will be seeking skilled mechanical, electronics, software and field/logging engineers. It is preferable that candidates have experience from developing equipment for harsh environments but not a necessity.
“Without the support of Convergence and the South West RDA teams, we would not have been able to contemplate such an ambitious expansion project.”
The premises have been designed to a BREEAM Excellent standard and incorporate a host of sustainable and environmentally friendly features.
Convergence assistance has been provided through the Grant for Business Investment Strategic Investment Framework which was established to support the expansion, modernisation and diversification of businesses, typically through acquisition of key assets such as buildings, plant and machinery – creating jobs, raising business productivity and raising skills levels.