GBE Supply Chain Fund: Offshore Wind and Networks

The GBE Supply Chain Fund: Offshore Wind and Networks awards up to £300 million in capital grant funding to build UK manufacturing capacity for key constrained components in offshore wind and enabling electricity networks sectors. Growth in demand for offshore wind and electricity networks components is outpacing supply chain capacity, resulting in bottlenecks, longer lead times, higher project costs and project delays. This risks delaying critical projects and the UK's renewable energy ambitions. The Fund targets investment towards the most constrained offshore wind and electricity networks components to address critical supply chain constraints and enhance supply chain security in the UK. GBE expects that this investment in additional manufacturing capacity will directly and indirectly mobilise more than one billion pounds in public and private investment and create and support thousands of jobs, including in the UK's industrial clusters. Funding must be used to construct new or extend existing manufacturing facilities in the UK that manufacture critical components including mooring and anchoring, blades, nacelles, towers, monopiles, transition pieces, HVDC cables, HVAC cables, power transformers, HVDC converter stations, switchgear, and reactive power management systems.