Leading trade body, Offshore Energies UK has responded to the Chancellor’s Spring Statement. OEUK represents over 400 firms across the UK’s energy mix, from oil and gas to wind and hydrogen and carbon capture technologies. As the government consults industry on the future of the North Sea, OEUK is campaigning for a homegrown energy future that unlocks growth while safeguarding energy security, jobs and communities.
It follows OEUK’s 2025 Business Outlook published earlier this week which underlined the value UK offshore energy sector could add to the economy.
David Whitehouse, OEUK Chief Executive comments:
'Today we heard the Chancellor underline the need for all parts of the economy to drive growth. With the right policies in place to attract investment, the UK offshore energies sector and its highly skilled people can help deliver this opportunity.
'Energy security is national security and key to growth. In an increasingly volatile world, the widening gap between the energy we produce and what we import matters. Producing our own domestic oil and gas alongside accelerating homegrown offshore wind, carbon capture and hydrogen pays UK taxes, supports jobs and retains the supply chains we need to build our energy future.'
Source: OEUK
