GB Energy launches new £300 million supply chain fund

Global Underwater Hub has welcomed the announcement from Great British Energy regarding its new £1 billion Energy Engineered in the UK programme.

 

 

Great British Energy (GBE) has launched a landmark initiative to strengthen the UK’s clean energy industry and secure long-term economic growth.   

The £1 billion Energy Engineered in the UK (EEUK) programme will mobilise public and private investment to unlock critical supply chains and create thousands of skilled jobs.

As part of this programme, GBE is opening its £300 million GBE Supply Chain Fund: Offshore Wind & Networks, designed to tackle urgent bottlenecks in key components such as blades, turbines, transmission cables and converter stations.

This investment will build manufacturing capacity and ensure that the UK remains at the forefront of offshore wind deployment and electricity network innovation.

The fund is a key part of the UK Government's modern Industrial Strategy which sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business.

GBE will work alongside partners including the National Wealth Fund, Scottish National Infrastructure Bank, and The Crown Estate to unlock financing for large-scale manufacturing projects.

To cement the UK’s position as a global leader in deepwater offshore wind, GBE is also establishing a Deepwater Wind Commercialisation Programme in partnership with FLOWEX, bringing together industry leaders to unlock the industrial opportunity from the next frontier of offshore wind deployment.

With strong public backing and collaboration across government and industry, Energy Engineered in the UK will deliver: 

 

Great British Energy CEO, Dan McGrail, said: "Great British Energy is investing in British industry, we are helping to create jobs, driving innovation, and ensuring clean energy infrastructure is built here in the UK.

“This programme is about more than funding; it will help overcome the current challenges and ensure the benefits of a world-class supply chain are felt in communities across the country.”  

Energy Minister, Michael Shanks, said: “We want our clean energy future to be built here in Britain as part of our modern Industrial Strategy. 

“This fund will boost our manufacturing capabilities for offshore wind – supporting jobs and growth in communities across the country.” 

Great British Energy Director of Supply Chains, Rob Gilbert, said: “Energy, Engineered in the UK, is a national initiative to drive down technology costs, crowd in private finance, and use our unique role between the public and private sector to support structured market interventions.

“This programme will help the UK energy sector to learn collectively, scale deliberately, and compete globally – not just on cost, but on homegrown, long-term capability. This will create jobs, economic growth, and energy security for all areas of the UK.”

 

Commenting on the initiative, Neil Gordon, chief executive of Global Underwater Hub, said: “The GB Energy Supply Chain Fund sends a strong signal of government’s determination to ensure the clean energy transition is designed, manufactured and delivered in the UK. By targeting constrained components across offshore wind and electricity networks, including subsea cables, mooring and anchoring systems, and enabling technologies, the Fund directly supports delivery of both fixed and floating offshore wind at scale. The UK’s underwater supply chain, including advanced subsea engineering and robotics capabilities, is ready to respond if given long-term investment certainty. This funding has the potential to unlock significant private capital, strengthen regional industrial clusters and create high-value jobs while improving the resilience and security of critical energy infrastructure.

“Global Underwater Hub is closely aligned with GB Energy and will work alongside to support delivery of the Fund, ensuring it delivers long-term industrial, economic and energy security benefits for the UK.”

 

Find out more about the Great British Energy Supply Chain Fund: Offshore Wind and Networks on the Great British Energy website.