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<p>Wave and tidal energy projects are eligible to apply for the Contracts for Difference scheme. Allocation Round 5 opened on 30 March 2023. The budget available for emerging technologies is £35m, inclusive of a £10m ringfenced minimum for Tidal Stream.</p><p> </p><p>In addition, the Government supports the development of new wave and tidal energy in the UK through a suite of research funding programmes.</p> | ||