RenewableUK welcomes major funding boost for the Clean Industry Bonus

9 May 2025 - RenewableUK press release

Commenting on the news that the Government has more than doubled the funding for the Clean Industry Bonus, increasing the budget to £544 million following higher than expected demand from the industry, RenewableUK's Executive Director for Policy and Engagement Ana Musat said:

"This additional funding has the potential to help secure billions in private investment in new factories manufacturing components for the offshore wind industry across the UK. Importantly for the country, these investments will create new jobs in coastal communities which need fresh opportunities.

"However, it is critical to ensure that the next CfD allocation rounds deliver the volumes required to keep us on track for Clean Power 2030. A strong project pipeline is essential for triggering supply chain investment and ensuring the success of this policy.

"The Clean Industry Bonus is a good starting point as part of a wider industrial strategy which the Government is due to unveil in full this summer, and which we hope will be complimented by new policies to support the expansion of UK ports. With larger ports, we could secure even more investment in offshore wind manufacturing and turbine assembly".

Further information on the Clean Industry Bonus is available here.

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Notes

For further information, contact

Robert Norris, Head of Communications
07969 229 913 | Robert.Norris@RenewableUK.com

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