Commenting on the Chancellor Rishi Sunak’s Budget announcement today, RenewableUK’s Chief Executive Hugh McNeal said:
“This is a big-bang moment for offshore wind manufacturing in the UK which will drive investment in a globally competitive domestic supply chain. The Government is putting its support squarely behind the kind of strategic approach to securing supply chain investment which the industry has been making the case for during our intensive work with Ministers to deliver the green economic recovery this country needs. This new funding to develop world-class offshore wind hubs in Teesside and Humber is a clear example of levelling-up in action.  

“There is a huge opportunity for UK's offshore wind industry not only to supply UK projects but also to export to rapidly growing global markets. Today’s new funding for port upgrades and the award of new freeports represent a huge boost to our export ambitions”. 

“The next wave of renewable projects could inject £20bn of private investment into the economy and support over 12,000 jobs. Ramping up onshore and offshore wind, alongside hydrogen and other renewables, is the key to unlocking a rapid, low-cost transformation of the energy sector. We therefore welcome the new support for floating offshore wind and renewable hydrogen technologies announced today which will play a vital role in the UK’s net zero transition”.

KeyFacts Energy Industry Directory: RenewableUK