Commenting on the Prime Minister’s announcement at an international energy conference in London of £300 million of funding to secure global offshore wind investment in the UK, RenewableUK’s Deputy Chief Executive Jane Cooper said:
'There’s a huge opportunity for the UK to secure thousands of new jobs and supply chain investment in the sector, which will make our home-grown energy supply even more secure.
'The Prime Minister’s funding will be critical to ensure the UK grasps the industrial opportunities in the offshore wind supply chain, at a time of intense global competition for clean energy investment. By nurturing existing UK companies, and ensuring we’re a competitive location for international investors, there’s an opportunity to triple our manufacturing capacity over the next decade, adding £25bn to the UK economy and creating an additional 10,000 jobs in the supply chain.
'This new Government funding is a clear signal of intent to secure those priorities and is vital to unlocking further co-investment from industry'.
Full details of the Prime Minister’s announcement and expected next steps can be found here.
Source: RenewableUK
