£300m boost for offshore wind

The Government has announced £300m of funding through Great British Energy to invest in supply chains for domestic offshore wind.

It said the move will mobilise billions in additional private investment, helping de-risk clean energy projects and supporting thousands of jobs and revitalising the UK’s industrial heartlands.

The fast-tracked funding, brought forward ahead of the Comprehensive Spending Review, will allow Great British Energy to invest in new supply chains for offshore wind manufacturing components such as floating offshore platforms and cables.

Prime Minister Keir Starmer said: “Let my message to the world go out: come and build the clean energy future in Britain.”