Workers across Britain will benefit from billions of pounds of private sector investment in ports and supply chains, thanks to the government’s record renewables auction combined for the first time with its Clean Industry Bonus (CIB).
The government has announced that, as a result of the record renewables auction AR7, £204 million of public investment to incentivise domestic jobs and supply chains has leveraged £3.4 billion of private investment, which will flow into British manufacturing, factories and ports, News Cover reports, citing UK government.
This means successful offshore wind projects will procure the infrastructure for their projects from right across Britain’s industrial heartlands.
Backed by record government and private sector investment in clean energy such as renewables and nuclear, the clean energy economy is sparking a boom in demand for good industrial jobs in all regions and nations of the UK.
The results mean for every £1 of public money spent, £17 of private money is invested in developing supply chains in some of the most deprived areas of the country. This supports up to 7,000 jobs according to industry estimates, including good, skilled jobs like electricians, welders and engineers. The government expects the offshore wind industry to support 100,000 jobs by 2030, with access to trade unions and fair wages.
The results will bring huge benefits to the industrial base of Scotland in particular, with an up to £1.1 billion supply chain investment boom and up to 2,400 clean energy jobs. This will help revitalise and reindustrialise hardworking towns and cities that have powered Britain for decades. Investment will flow to Scottish ports like Nigg and Aberdeen, and manufacturers of offshore wind equipment in Scotland. Delivering on the government’s energy mission will create up to 40,000 extra jobs in Scotland by 2030.
The record renewables auction announced yesterday secured the biggest single procurement of offshore wind energy in European history - confounding the global challenges facing the industry and securing a major vote of confidence in the UK’s new era of energy sovereignty and abundance.
This auction, known as Contracts for Difference AR7, secured a record capacity of 8.4 GW of offshore wind which will generate enough clean electricity to power the equivalent of over 12 million homes.
The new jobs come on top of the 400,000 new jobs that the government’s Clean Energy Mission is delivering by 2030. Backed by record government and private sector investment in clean energy such as renewables and nuclear, the clean energy economy is sparking a boom in demand for good industrial jobs in all regions and nations of the UK – with 31 priority occupations such as plumbers, electricians, and welders particularly in demand.
This includes jobs sparked by the decision to give Sizewell C the green light, which will support an average of 10,000 jobs per year during construction and the 4,800 jobs already set to be created in the CCUS projects in North West England, North Wales and Teesside.
