Off-shore wind

The Coalition published on Wednesday a long-term strategy that will strengthen the UK's position in the offshore wind industry. The multi-million pound investment has the potential to unlock £7 billion in the economy by 2020.

Investments by the Government will include £20 million from the Regional Growth Fund to improve the UK wind industry's supply chain, and £46 million to join up innovation between industry, Government and academia and help companies to bring new products to market.

Deputy Prime Minister Nick Clegg and Energy Secretary Ed Davey launched the strategy today during a visit to officially open the Lincs wind farm off the coast of Lincolnshire, developed by Centrica with their project partners DONG Energy and Siemens.

The UK currently has more offshore wind power than the rest of the world combined. The offshore wind industrial strategy aims to grow UK supply chain manufacturing so that more of the work and jobs can be done here.

The industry has the potential to create 30,000 jobs here and contribute £7 billion to the economy by 2020. Exports have the potential to add even more to these economic benefits.