Balmoral Group - which has recently invested £1m+ in a brand new wave and current simulation tank to test offshore wind technology in Aberdeen - has reacted to today's UK government announcement to bring forward £300m in funding for the offshore wind supply chain.  

Bill Main, Deputy Managing Director, Balmoral Group:
"The UK government’s decision to bring forward £300 million funding for offshore wind supply chains is a clear signal of intent and one we wholeheartedly welcome, and it’s a powerful nod to the innovation, talent and ambition already alive and well in the sector. This clear vote of confidence in the capability and ambition of British businesses is the kind of momentum we need to maintain if we’re serious about leading the global energy transition.

"At Balmoral, we’ve already made significant investments in state-of-the-art facilities and technologies to help propel the sector forward. But to fully realise that potential, funding must be as agile as the industry it’s intended to support. We hope this announcement paves the way for a more responsive approach and unlocks more private investment that will enable businesses to move at pace and maintain the UK’s competitive edge in clean energy."

KeyFacts Energy Industry Directory: Balmoral