The UK Government has unveiled a £300 million investment aimed at developing domestic supply chains for offshore wind farm components, a move designed to bolster job creation and enhance energy security.

This funding will be allocated through Great British Energy, a new publicly-owned energy investment company, to promote local manufacturing of essential components such as floating platforms and cables.

The initiative seeks not only to create jobs but also to attract additional private investment and secure manufacturing for clean energy supply chains.

Prime Minister Keir Starmer and Energy Secretary Ed Miliband will present these plans at an international energy security summit, highlighting the transition to clean power and its economic benefits.

The investment has been welcomed by the TUC and Green Alliance, who stress the importance of strong domestic supply chains for energy independence and economic stability, particularly amid global trade uncertainties.

RenewableUK has noted that this funding initiative could lead to thousands of new jobs and secure investments in renewable supply chains, further enhancing energy security.

Energy Secretary Ed Miliband plans to propose an amendment to the Great British Energy Bill to ensure that renewable energy components are not linked to forced labor practices in China.

The government aims to transition most of its energy to green sources by the end of the decade, necessitating a significant increase in renewable energy infrastructure.

By 2030, the UK aims for renewables and nuclear to dominate its electricity mix, limiting gas-fired generation to no more than 5%.

This investment is part of the government's broader Plan for Change, which is designed to drive economic growth and support thousands of jobs in the UK’s industrial heartlands.

A government-commissioned report has highlighted the need for a UK-based manufacturing base for offshore wind components to improve project efficiency and job creation.

The announcement comes just ahead of the energy security summit in London, emphasizing the dual goals of job creation and strengthening UK energy security.