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Home›Authorities›UK Government Raises Clean Industry Bonus Budget to Over GBP 540 Million
Authorities

May 14, 2025 · about 1 year ago

UK Government Raises Clean Industry Bonus Budget to Over GBP 540 Million

UK Energy Secretary Ed Miliband has increased the budget for the Clean Industry Bonus, which will provide financial rewards for offshore wind developers, from an initial GBP 200 million (approximately EUR 238 million) to GBP 544 million (about EUR 646 million). According to the UK government, hundre

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ScottishPower Renewables
Illustration; East Anglia ONE. Source: ScottishPower Renewables (archive)

Last month, UK Prime Minister Keir Starmer announced GBP 300 million of funding through the country’s publicly owned clean energy company, Great British Energy, to invest in domestic offshore wind supply chains.

This will allow the company to invest in new supply chains for offshore wind manufacturing components such as floating offshore platforms and cables.

“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,” said Musat .

Related Article

UK Gov’t Pledges GBP 300 Million to Boost Offshore Wind Supply Chain

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