'Clear signal of intent': Government pulls forward £300m in offshore wind supply chain funding

Stuart Stone
clock • 5 min read
Close-up of wind turbine blades in the factory - Credit: iStock
Image:

Close-up of wind turbine blades in the factory - Credit: iStock

Prime Minister confirms initial £300m of GB Energy investment ahead of summer Spending Review, as UK seeks to attract international offshore wind investors

Workers and businesses in the UK's industrial heartlands are set to benefit from an initial £300m in funding that will be invested by GB Energy in supply chains for the domestic offshore wind industry,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

RWE and KKR confirm £12bn investment for Norfolk offshore wind farms

RWE and KKR confirm £12bn investment for Norfolk offshore wind farms

Andy Burnham hails investment in Vanguard West and East projects as major vote of confidence in UK renewables, with construction of 2.8GW of new capacity now set to begin next year

Michael Holder
clock 11 November 2026 • 5 min read
UK and Japan ink Offshore Wind Industrial Compact

UK and Japan ink Offshore Wind Industrial Compact

New agreement designed to catalyse investment and accelerate delivery of offshore wind projects

James Murray
clock 10 November 2026 • 3 min read
Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Crown Estate accused of 'outrageous profiteering' over offshore wind leasing fees

Greenpeace issues fresh legal threat against land manager over uncapped fees charged to offshore wind developers that it argues risk undermining the UK's clean energy transition

Michael Holder
clock 01 October 2026 • 5 min read