For example, o WES is using its experience and knowledge to guide the creation of Horizon Europe’s €43 million flagship marine energy innovation programme for the period 2027 and 2032. o WES chairs the European Commission’s Strategic Energy Technology (SET) Plan Implementation Working Group for Ocean Energy, the strategic collaboration forum for European countries. Implications for live programmes Failure to provide transitional funding over two years will result in: • WES defaulting on its commitments to fund Mocean Energy’s VHM technology development activity • WES being forced to terminate its participation in the Horizon Europe project, EuropeWave, defaulting on its obligations to the European Commission, and leading to the cancellation of its three contracts and the associated downstream supply chains. o These three contracts are valued at €13.4 million (approx. €4.5 million each) funded by contributions from the European Commission (EU), €5.7 million Ente Vasco de la Energia (Basque Energy Agency, EVE), €5.2 million and Scot Gov (through WES) €2.6 million o The Scot Gov/WES contribution results in at least €5.5 million investment in the Scottish economy by contractors. Mocean Energy’s contract is almost entirely within the Scottish supply chain. Carnegie’s contract involves subcontracts with the Scottish supply chain valued at approximately €1 million. o This would result in the failure to capitalise on €23m of prior co-investment from the Scottish Government, EVE, and the EU, without achieving deployment and demonstration of the three large-scale devices developed.