Leading trade body Offshore Energies UK (OEUK) has welcomed today’s announcement of £1 billion in funding from a number of sources for the offshore wind supply chain – calling it a positive signal but urging government to use it as a springboard for much wider action.
Commenting, OEUK Sustainability and Policy Director Mike Tholen said:
'This investment in the offshore wind supply chain is a positive step and a clear signal of support for a growing industry at the heart of the UK’s net zero goals.
'Many parts of the UK supply chain remain underfunded and under pressure. To scale up and meet our world-leading offshore wind targets, this £1 billion in targeted investment is needed.
'We also need greater clarity on how much of this funding will reach UK-based companies, and how projects will navigate the Contracts for Difference (CfD) process to access it.
'This must now be a catalyst for stronger collaboration between government and industry to unlock investment, create jobs, and build a homegrown energy future that delivers long-term benefits for the UK.'
Source: OEUK
