Overview

• Prime Minister Keir Starmer unveiled £300 million in fast-tracked funding to expand the UK’s offshore wind supply chain, targeting components like floating platforms and cables.
• The investment, part of an £8.3 billion commitment to Great British Energy, aims to secure jobs, strengthen energy security, and encourage private sector co-investment.
• The announcement coincided with a two-day London summit co-hosted with the International Energy Agency, attended by delegates from 60 countries to address global energy security challenges.
• Energy Secretary Ed Miliband emphasized low-carbon power as key to both energy security and combating climate change, reaffirming the UK’s goal to run entirely on renewables by 2030.
• Criticism emerged over proposed planning reforms to streamline infrastructure approvals, with environmental groups warning of potential harm to natural habitats and reduced public consultation.