11/11/2024 | Offshore wind

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RenewableUK welcomes Prime Minister’s move to secure more manufacturing in the UK for offshore wind industry

11 November 2024 - RenewableUK press release


Commenting on Prime Minister's announcement of a Clean Industry Bonus to secure more manufacturing in the UK for offshore wind projects, RenewableUK's Chief Executive Dan McGrail said:


“The Prime Minister is right in recognising that, with the right incentives in place to make the UK competitive with other countries, we have the potential to secure hundreds of millions of pounds in new offshore wind manufacturing investment. The offshore wind industry already employs around 32,000 people in the UK, mostly in coastal towns like Hull, Grimsby and Lowestoft, but we could see this figure increase substantially in the coming years.


"Earlier this year the offshore wind sector published an Industrial Growth Plan which estimated that the UK could treble the size of the sector’s supply chain over the next decade. The Clean Industry Bonus should be considered a key part of an industrial strategy for offshore wind, which the Government should continue to develop alongside its wider industrial strategy this spring, putting in place other core components like a programme of grants to match to those being offered by our European competitors.


“It’s the right time to introduce the Clean Industry Bonus, as offshore wind supply chain companies are actively considering new investments to service the rapidly expanding global market. Growing our industrial capability now will put the UK in a strong position to sell our high-value goods and services abroad in the coming years."


(ends)

Notes


For further information, contact


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



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