SEEDA has been managing the slipways to keep them operational but hopes to set up a joint venture development that will attract an influx of marine-related companies to make best use of the site and its valuable slipways.

"We not only want to maximise the use of the slipways, but create a location where marine industry can flourish, " said Ken Glendinning, SEEDA's head of land and property. "By selecting the right joint venture partner, we are confident that we can turn this largely redundant site into a vibrant marine quarter where companies can prosper."