Source · Select Committees · Business and Trade Committee
Recommendation 13
13
Deferred
Paragraph: 66
Provide policy certainty for ports to de-risk investment in floating offshore wind infrastructure.
Recommendation
Floating offshore wind offers the potential to expand and diversify the UK’s portfolio of wind projects, including to the Celtic Sea. Significant new investment in UK ports will be needed to enable floating offshore wind to be deployed at scale and to harness local supply chains and manufacturing. The Government’s Floating Offshore Wind Manufacturing Investment Scheme, though welcome, may not address the key concern of port operators — long term market revenue certainty. To provide ports with the confidence to make long-term investments in the necessary infrastructure for floating offshore wind, the Government should provide policy certainty that de-risks the required investment in ports.
Government response summary AI-generated
The government's response addresses plans to publish a nuclear roadmap and consult on a nuclear siting strategy later this year. This completely deflects from the recommendation to provide policy certainty to de-risk port investments for floating offshore wind infrastructure.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
66
Government Response
Deferred
HM Government · verbatim extract
Deferred
24. The Government launched the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS), worth up to £160 million, on 30 March 2023. 25. FLOWMIS provides grant funding to leverage private sector investment in port infrastructure. 26. The Government is working closely with the Floating Offshore Wind Taskforce on next steps to tackle barriers to deployment, enable collaboration in the industry, and to create the right environment for further investment. 27. The Government is working with other sources of public funding, to maximise the impact of investment.
Read the full response on Parliament ↗