The Prime Minister has today (April 24) announced an initial £300 million funding package ahead of the Spending Review for Great British Energy to invest in supply chains for offshore wind. Individual companies will be able to apply for grants if they can show that they will produce long-term investments in UK supply chains.
The announcement was made ahead of the International Summit on the Future of Energy Security hosted by the UK Government and International Energy Agency in London.
Claire Mack, Chief Executive of Scottish Renewables, said:
“This new funding announced today is a welcome boost for Scotland’s offshore wind sector which is central to our clean power future.
“Industry has repeatedly called for strategic ahead-of-time investment in domestic supply chains to ensure the economic benefits of offshore wind are captured in Scotland.
“Making these investments now across our diverse range of ports, manufacturers and suppliers will deliver the green industrial growth and high-skilled jobs we all want to secure.
“However, the value of these investments will only be realised through sustained project activity across Scotland’s unrivalled offshore wind pipeline. Developers and supply chains are working together to identify where funding of this scale can help to deliver a strong return for the country.”
