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Cockwells is accelerating the launch of its hotly anticipated new Duchy 45 gentleman's cruiser after receiving two significant boosts.

To speed up the Duchy 45’s launch, Cockwell firstly sold a majority stake in its boatbuilding business to the Pendennis superyacht yard in nearby Falmouth. Second, it has secured £1.88 million of funding from the Cornwall and Isles of Scilly Good Growth initiative. The merger with Pendennis makes sound strategic sense for Cockwells, which already […]

This article Funding Boost for Cockwells Speeds Up Duchy 45 Launch appeared first on Motor Boat & Yachting.

Cockwells is accelerating the launch of its hotly anticipated new Duchy 45 gentleman's cruiser after receiving two significant boosts.

To speed up the Duchy 45’s launch, Cockwell firstly sold a majority stake in its boatbuilding business to the Pendennis superyacht yard in nearby Falmouth. Second, it has secured £1.88 million of funding from the Cornwall and Isles of Scilly Good Growth initiative.

There’s a choice of galley layouts plus a fully enclosed main deck saloon

The merger with Pendennis makes sound strategic sense for Cockwells, which already has a strong reputation for building bespoke superyacht tenders. It will also give it access to Pendennis’s more extensive facilities, resources and funding to help develop its production range of Duchy and Hardy motoryachts, including the Duchy 45.

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The capital injection from the Good Growth initiative will primarily be used to double capacity at Cockwells’ own Mylor Creek and South West Shipyard sites in nearby Ponsharden, creating around 40 new jobs over the next three years and introducing sustainable technologies such as solar power and geothermal heating to help reduce its carbon footprint.

The Duchy 45’s timeless lines and semi-displacement hull were designed by British naval architect Andrew Wolstenholme. It features a fully enclosed main deck saloon and helm station with two ensuite cabins and either a galley up or galley down layout.

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This article Funding Boost for Cockwells Speeds Up Duchy 45 Launch appeared first on Motor Boat & Yachting.