Major boost for UK clean energy supply chains
Great British Energy (GBE) has today launched a landmark initiative to strengthen the UK’s clean energy industry and secure long-term economic growth.
The £1 billion Energy Engineered in the UK (EEUK) programme will mobilise public and private investment to unlock critical supply chains and create thousands of skilled jobs.
As part of this programme, GBE is opening its £300 million GBE Supply Chain Fund: Offshore Wind & Networks, designed to tackle urgent bottlenecks in key components such as blades, turbines, transmission cables and converter stations.
This investment will build manufacturing capacity and ensure that the UK remains at the forefront of offshore wind deployment and electricity network innovation.
The fund is a key part of the UK Government's modern Industrial Strategy which sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business.
GBE will work alongside partners including the National Wealth Fund, Scottish National Infrastructure Bank, and The Crown Estate to unlock financing for large-scale manufacturing projects.