The government has published a Clean Energy Industries Sector Plan, designed to harness the opportunities that Britain presents for clean energy.
The plan is hoped to create jobs and investment, with the government targeting at least a doubling of current investment levels across frontier Clean Energy Industries to over £30 billion per year by 2035.
The Spending Review confirmed the biggest programme of investment in homegrown energy in UK history.
Great British Energy will have an additional £700 million to help build manufacturing facilities in the UK for key components for the clean power revolution like floating offshore platforms, electric cables, and cutting-edge hydrogen infrastructure. This builds on Great British Energy’s initial £300 million for offshore wind supply chains, which has already gained a further £700 million from industry and The Crown Estate. With today’s additional funding, this brings total public and private funding in clean energy supply chains to £1.7 billion.
Energy secretary Ed Miliband said: "This government is doubling down on Britain’s clean power strengths as we build this new era of clean energy abundance, helping deliver good jobs, energy security and lower household bills.
"The UK’s pitch is clear – build it in Britain. Power the world."
Great British Energy Chief Executive Dan McGrail said: "Great British Energy will help the UK win the global race for clean energy jobs and growth by investing in homegrown supply chains and ensuring key infrastructure parts are made here in Britain.
"We are working closely with businesses across the clean energy sector to invest in areas of strategic need and will get funding out as fast as possible to get new projects off the ground."