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RenewableUK comment on Chancellor’s Budget Speech

27/10/2021

Responding to the Chancellor’s Spending Review announcements, which include up to £230 million from the Global Britain Investment Fund to support investment in the UK’s offshore wind manufacturing sector, RenewableUK CEO Dan McGrail said: 
 
“It’s great to see the Chancellor backing the growth of our world-leading offshore wind industry in the run-up to COP26 with this funding which will help to increase UK manufacturing in this sector even further. It builds on the support Ministers have provided to upgrade UK ports to turn them into offshore wind manufacturing hubs and new centres of excellence as part of the Prime Minister’s Green Industrial Revolution.  
 
“Already this year we’ve seen over £900 million of private investment in new factories to manufacture offshore wind turbine blades, foundations, towers and cables in Teesside, the Humber, Newcastle and Blyth, delivering more than 2,500 new direct jobs in parts of the country which urgently need levelling up”.  

KeyFacts Energy Industry Directory: RenewableUK   l   KeyFacts Energy: Renewable Energy news

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