Britain’s industrial regions are set to get a major boost with a £300 million shot in the arm for offshore wind supply chains, as the government ramps up efforts to drive clean energy growth through its Plan for Change.
The funding, delivered through the new state-owned energy company Great British Energy, is aimed squarely at scaling up domestic manufacturing for offshore wind components – from floating platforms to subsea cables.
It’s a clear signal to industry says Labour, that the UK is open for clean energy business and it wants that business built at home.
This initial public investment is expected to unlock billions more in private capital, creating and supporting thousands of jobs in engineering, manufacturing and supply chain roles – especially across industrial heartlands.
The government says the funding will help de-risk projects, accelerate production, and ensure the UK secures a slice of the global offshore wind boom.
The money is being brought forward ahead of the Comprehensive Spending Review as part of an £8.3 billion commitment to Great British Energy over this Parliament.
I am bringing forward much-needed investment in our domestic offshore wind supply chains, strengthening our security and creating good jobs for our welders, electricians, and engineers.
Let my message to the world go out: come and build the clean energy future in Britain.”
Kier Starmer
Companies will be able to apply for grants if they can prove long-term value to UK supply chains.
Backers of the scheme say it will help forge resilient supply chains and ensure Britain doesn’t miss out on the economic benefits of its clean energy transition.
It builds on broader industrial policy measures including the Clean Industry Bonus and the National Wealth Fund.
The Prime Minister has made clear that in an era of global uncertainty, a muscular industrial strategy is needed – and that means backing British workers to deliver clean, secure power by 2030.
With £43 billion in private clean energy investment already committed since July, this new fund is a call to action to come build and power Britain’s clean future.
The announcement was made as a two-day summit on the Future of Energy Security – hosted by the UK government and International Energy Agency begins today.
