UK Government Makes £230 Million Pledge

The UK Government has pledged £230 million in new funding in its Autumn Budget, released the week before COP26, for the offshore wind industry. The funding is expected to go towards offshore wind manufacturing, with £220 million of the £230 million on offer topped up by £10 million of unspent money from the UK Government’s Offshore Wind Manufacturing Investment Support Scheme. This in turn forms part of its £1.4 billion Global Britain Investment Fund, which aims to attract foreign investment into the country. In total, the Autumn Budget presented by Chancellor of the Exchequer Rishi Sunak, allocated £380 million to the growing offshore wind sector in the UK, with £160 million set aside for

LOG IN to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to three free articles.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium content for the energy industry.*

 

*Access will be granted the next business day.

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}