A coalition of major UK public finance institutions has announced plans to coordinate investment efforts to support the expansion of the offshore wind supply chain, aiming to accelerate funding deployment and increase investor confidence in the sector.
The initiative brings together Great British Energy, The National Wealth Fund, The Scottish National Investment Bank, The Crown Estate, Crown Estate Scotland, and The Development Bank of Wales. The group will jointly develop what they describe as a “unified, integrated public finance ecosystem” to streamline access to funding for developers and supply chain businesses.
The announcement was made on the sidelines of the Global Offshore Wind 2025 conference in London. According to Great British Energy (GBE), the collaboration is intended to provide clearer funding pathways and enable long-term private sector investment in the UK’s offshore wind industry.
“Clean power by 2030 has given the industry a singular focus towards achieving our offshore targets,” said Rob Gilbert, Supply Chain Director at Great British Energy. “With the creation of GBE, we can now fully support the offshore wind supply chain and work within a structured ecosystem of capital, delivering the right funds to the right projects, enabling private investment, and catalysing support.”
While each institution will continue to make independent investment decisions, GBE said it will use its “convening power” to bring together key stakeholders from across the sector. The objective is to foster collaboration between public and private actors to unlock new infrastructure and manufacturing capacity.
Mark Munro, Chief Investment Officer at the Scottish National Investment Bank, said the announcement builds on a pipeline of existing work.
“As Scotland’s development bank, we have the expertise and the pipeline to work with our partners as we’ve announced today,” Munro said.
The announcement follows GBE’s recent commitment of £300 million in funding to support the UK’s offshore wind supply chain, with a focus on boosting domestic job creation, attracting further private investment, and enabling the development of new manufacturing facilities.
Ben Brinded, Head of Investment at The Crown Estate, welcomed the initiative.
“We look forward to working with the sector and with government and other public finance institutions to build out the UK’s infrastructure, accelerate deployment and unlock the full economic, social and environmental benefits of offshore wind,” he said.
The UK aims to deliver 50GW of offshore wind capacity by 2030, including up to 5GW of floating wind. The public finance collaboration is intended to support that target by addressing gaps in domestic supply chain capacity and improving coordination across funding bodies.
