UK Prime Minister Keir Starmer has advanced £300 million for Great British Energy to invest in offshore wind supply chains ahead of the Future of Energy Security Summit. 545n2q

The fund will boost domestic employment, unlock additional private investment, and secure manufacturing facilities for critical clean energy supply chains, including floating offshore platforms. Workers and businesses in the UK’s industrial regions will benefit from this investment, which is expected to mobilize billions of pounds in additional private capital—both directly and indirectly—helping to de-risk clean energy projects, create thousands of jobs, and revitalize industrial areas across the country.

This public investment complements the £43 billion in private sector commitments made to clean energy projects since July. Engineers, technicians, and welders across the UK are ed by this fast-tracked funding, announced by the Prime Minister ahead of the Comprehensive Spending Review. The funding will enable Great British Energy—the UK’s publicly owned clean energy company—to invest in new supply chains for the manufacturing of offshore wind components such as floating platforms and cabling. This builds on the government’s historic investment in national supply chains through initiatives like the Clean Industry Bonus and the National Wealth Fund.

Energy Secretary Ed Miliband stated: “Only by taking back control of our energy can we protect families and businesses from the rollercoaster of global markets we do not control. That’s why this government is doubling down on our mission to become a clean energy superpower—driving economic growth, good jobs, and investment across the country.”

Today, the Prime Minister, ministers, and business leaders gather in London for the two-day Future of Energy Security Summit, hosted by the UK Government and the International Energy Agency. Global leaders, including European Commission President Ursula von der Leyen, will come together to address the challenges and opportunities of accelerating the clean energy transition in times of geopolitical instability.

Energy Secretary Ed Miliband, Business Secretary Jonathan Reynolds, Investment Minister Baroness Poppy Gustafsson, National Wealth Fund CEO John Flint, and Great British Energy Chair Juergen Maier will address global clean energy developers and investors, inviting them to invest in Britain. This follows the government’s recent announcement of a package of pro-growth measures, including major reforms to speed up grid connections and modernize planning regulations.

Dan McGrail, Interim CEO of Great British Energy, said: “Great British Energy will help the UK win the global race for clean energy growth and jobs by investing in local supply chains and ensuring that key infrastructure components are made right here in Britain.”