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

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