PM fast tracks £300m for offshore wind in push for clean energy investment
The announcement comes as the UK Government and International Energy Agency hosts a summit on the future of energy security.
Sir Keir Starmer has announced £300 million funding for domestic offshore wind supply chains as part of a push to secure clean energy investment in the UK.
The funding through publicly owned company Great British Energy, brought forward as an initial investment ahead of the spending review, will be invested in a domestic supply chain for components such as floating platforms and cables for the offshore wind industry, the Government said.
The Prime Minister, making the announcement ahead of an energy security summit in London, said the fast-tracked funding would create jobs and strengthen UK security, as he called for international investment in British clean energy.
Sir Keir said: “Delivering the plan for change means winning the race for the clean energy jobs of the future, which will drive growth and help us reach clean power by 2030.
“That is why 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.”
It is part of a push to encourage developers and investors to invest in clean energy in the UK, which Labour has made a core plank of its growth strategy.
