Conclusion 6

We recognise that investment in local supply chains must be balanced against accelerating programme delivery, bringing costs down for consumers and compliance with international treaty obligations. However, the potential for wealth Floating Offshore Wind in Wales 29 and job creation in Wales from floating offshore wind is too great to be missed. There is a real opportunity for the region to gain first-mover advantage as a hub for the manufacture and assembly of floating offshore wind components and to export its skills and expertise into a growing global market. We welcome The Crown Estate’s requirement for developers to provide supply chain investment plans as part of their bid for a lease. However, these plans must be commitments and The Crown Estate should ensure developers are held to them.