FSP advises The FSE Group on CIOSIF investment in conservation business ARC Marine
The corporate team at Field Seymour Parkes led by corporate partner Penelope Garden has advised on a £1 million investment by the Cornwall & Isles of Scilly Investment Fund (CIOSIF) into Accelerating Reef Creation (ARC) Marine, an award-winning marine conservation business based in Cornwall.
Since 2015, ARC Marine has been developing sustainable products using recycled materials to combat the subsea impacts of man-made climate change. Their first product, the Reef Cube, is the world’s only carbon-neutral, plastic-free solution for marine habitat restoration. CIOSIF’s investment will enable ARC Marine to create at least six new positions over the next three years, empowering the business to expand their crucial work across the South West and beyond.
“This funding is critical to ARC Marine being able to expand production in Cornwall, enabling us to accelerate growth to meet increasing demand from the marine renewables sector globally, as well as provide opportunities across our region,” said Tom Birbeck, Co-Founder and CEO of ARC Marine. “Having supportive investors such as CIOSIF will be key to underpinning our aspiration of leading the world in protecting and enhancing marine habitats from necessary man-made intervention”.
“With the growing global focus on carbon net zero and ocean health, ARC Marine is well placed to disrupt and exploit the emerging market for nature-inclusive design habitat enhancement and to replace traditional unsustainable subsea technologies,” stated Meg Salt, Investment Manager at The FSE Group. manager of CIOSIF. “Their products can enhance and rebuild marine habitats, restoring biodiversity, while minimising the carbon footprint to bring their products to market. We look forward to working with Tom and helping the company achieve their expansion plan”.