LNB News 25/04/2025
Document Information
Issue Date: 25 April 2025
Published Date: 25 April 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Department for Energy Security and Net Zero (DESNZ) has announced £300m in funding through Great British Energy (GB Energy) for offshore wind supply chains. The investment, brought forward ahead of the Comprehensive Spending Review, forms part of GB Energy's £8.3bn total funding allocation for the current Parliament. The funding aims to support manufacturing facilities for components including floating offshore platforms and cables, complementing £43bn in private investments pledged since July 2024. GB Energy expects to open applications by the end of 2025, with detailed eligibility criteria to be published. The announcement precedes the Future of Energy Security summit, a two-day event hosted by the UK government and International Energy Agency bringing together global leaders to address clean energy transition challenges.
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