Artemis Technologies: Finance

(asked on 30th May 2025) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what funding her Department has awarded to Artemis Technologies in each of the past three years, broken down by project supported.


Answered by
Mike Kane Portrait
Mike Kane
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 4th June 2025

In financial year 2024/2025, no funding was awarded to Artemis Technologies.

In financial year 2023/24 the Department for Transport provided funding, via the UK Shipping Office for Reducing Emissions (UK SHORE) R&D Programme, to Artemis Technologies totalling £4,091,119. This was made up of:

  • £69,782 to project 10077453 (Retrofit 20m Mercurio CTV - 100% Electric), and
  • £4,021,337 to project 10077769 (Electric Orkney).

In financial year 2022/23 the Department for Transport provided funding, via the UK SHORE, to Artemis Technologies totalling £9,901,637. This was made up of:

  • £204,021 to project 10041953 (eFoiler-Pilot Feasibility Study),
  • £840,612 to project 10040815 (eFoiler-CTV Detailed Design),
  • £1,675,591 to project 10041047 (Hydrogen Fuel Cell Range Extender),
  • £2,323,895 to project 10059256 (Demonstration of 12pax fully-electric hydrofoiling Crew Transfer Vessel), and
  • £4,857,518 to project 10060022 (Multipurpose eFoiler Platform).

Artemis Technologies partner with others to deliver their projects. This includes subcontracting work out to others, which the funding ultimately covers. Funds are paid to Artemis once evidence of the costs being incurred and defrayed have been provided.

Artemis have are also involved in a range of projects, and this is taken into account when projects bid for funding. As part of the bidding process, application assessments include scrutiny of the project's ability to deliver, including 'team and resources' requirements. Assessments are conducted by independent assessors. For ZEVI and CMDC3 (which Artemis successfully applied for), there was an additional interview stage ahead of projects being awarded funding where the interview panel questioned all projects on their ability to deliver during the project timeframe, especially those organisations that potentially would be involved in multiple projects at the same time.

More information on these, and other projects funded through the UK SHORE programme, can be found at https://iuk-business- connect.org.uk/programme/uk-shipping-office-for-reducing-emissions/

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