Money: £100m drive to help UK firms capitalise on growth in offshore wind industry - - PressFrom - United Kingdom
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Money£100m drive to help UK firms capitalise on growth in offshore wind industry

12:25  24 june  2019
12:25  24 june  2019 Source:   msn.com

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The offshore wind industry has previously been criticised for not using enough UK contractors and suppliers. Offshore windfarms could help ministers fill the low carbon power gap created by Hitachi and Toshiba scrapping nuclear plants, the executive suggested.

The UK has more offshore wind capacity than anywhere in the world, with 37 What obstacles has wind power faced? The first subsidies awarded to offshore windfarms promised developers a The industry is also hoping for export opportunities for UK firms , as new markets grow in the US and Asia.

£100m drive to help UK firms capitalise on growth in offshore wind industry © Getty

UK firms are being told of the “huge opportunities” from the offshore wind industry in the coming years.

The Offshore Wind Industry Council has launched a £100 million, 10-year programme to support UK businesses looking to capitalise on the growth in offshore wind around the world.

Industry chairman of the council, Benj Sykes, said: “The offshore wind industry is offering multimillion-pound opportunities to hundreds of innovative companies throughout the UK in the years ahead, including new entrants to the market as well as firms already working in this area.

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Nuclear firms said the UK still needed a mix of low-carbon energy, especially for when wind power was not available. Bigger turbines, higher voltage cables and lower cost foundations, as well as growth in the UK supply chain and the downturn in the oil and gas industry have all contributed to falling prices.

The growth of offshore wind in the UK is underpinned by sophisticated infrastructure capability - from highly capable supply chain companies to The deal proposes capitalising on naturally existing clusters and providing sector leadership to create more opportunities for investment and growth in

£100m drive to help UK firms capitalise on growth in offshore wind industry

“The Offshore Wind Growth Partnership will provide practical help for UK companies so they can compete successfully for contracts in this thriving global market.

“The UK’s global pre-eminence in offshore wind means we are uniquely placed to sell our innovative products and services worldwide”.

Justin Bowden, national officer of the GMB union, said potential benefits from the boom in offshore wind and renewables had “passed the UK workforce and economy by” .

He added: “Look no further than the yards lying idle in Fife as contracts go offshore to Spain, Indonesia and the Middle East.

“Securing decent jobs in the renewables industry and its supply chain, and fairness in how decarbonisation costs are met, is now paramount.”

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The UK's largest gambling firms have agreed to significantly bolster funding and support to tackle addiction following pressure from the government and health chiefs. The owners of Bet365, William Hill, Sky Bet, Ladbrokes Coral and Paddy Power Betfair are to raise the levy they pay on gambling profits from 0.1% to 1% by 2023. It is hoped that it will raise around £60m annually. © Getty As part of their commitments over the next four years, the firms will cumulatively spend £100m on addiction treatment and co-operate with health organisations to determine where support is most needed.

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