LONDON, Jan. 15 -- The government of the United Kingdom issued the following news:

* Record offshore wind auction crowds in£3.4 billionof private investmentto build factories,portsand domestic supply chains across the country,withup to£1.1 billion for Scotland alone,boostingportslikeNigg and Aberdeenand Scottish factories * Every £1 of public money invested through the government's new Clean Industry Bonus leverages £17 from industry in an unprecedented vote of confidence in UK's industrial strategy and clean energy mission * Investment means factories, ports and supply chains built in Britain,supportingup to7,000jobs inthe country's industrial heartlands andmost deprived regions, as part of400,000 new clean energy jobs by 2030

Workers across Britainwillbenefitfrombillions of pounds of private sector investment in ports and supply chains,thanks to the government's record renewables auctioncombined for the first time with its Clean Industry Bonus (CIB).

The government has today (Thursday 15 January) 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. 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 resultsmeanfor every £1of public money spent, £17of private moneyis invested in developing supplychains insome of the most deprived areas of the country. This supportsup to7,000jobs according to industry estimates, including good, skilled jobs like electricians,weldersand engineers.The government expects the offshore wind industry to support 100,000 jobsby 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 8.4GWof offshore wind which will generate enough clean electricity to power the equivalent ofover12 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, andweldersparticularly in demand.

This includesjobs sparked bythe decision to giveSizewell 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.

Prime Minister Keir Starmer said:

We promised to take back control of our energy withclean, homegrown power - and todaywe'redelivering in a way that brings good industrial jobs for Scotland and the rest of the country.

Billions in investment will flow into hardworking industrial communities tobuild clean energy supply chains in Britain. This is how we revitalise our proud industrial heartlands and secure our energy future and bring bills down for the long term.

Energy Secretary Ed Miliband said:

Our clean energy mission is creating thousands of good jobs for working people in their hometown, bringing transformational opportunities forBritainand reversing decades of industrial decline.

This investment in clean, homegrown power will be felt for decades, powering Scotland's future and backing the proud industrial base of our country.

As part of this auction, thegovernment introduced a'CleanIndustry Bonus'-a financial incentive to support developers who invest in UK supply chains, and in cleaner factories. This wasannounced by the Prime Minister ahead of COP29, delivering on a manifesto pledgeand illustrating thegovernment's commitmentto build it in Britain and create good jobs through the drive for clean, homegrown power.

The bonusisa first-of-a-kind initiative for thecountry,anddeliversan unprecedented investment into Britain's industrial base.

Thisis a significant vote in confidence for Britain's Industrial Strategy, with many of the critical components for clean, homegrown energy - such as foundations, blades, portinfrastructureand cables - to be built in Britain.

As Britain races to meet rising energy demand, expected to more than double by 2050, and cut energy bills, the question is not whether to build, but what to build to meet that demand most cheaply. The auction results and new analysis from the government shows offshore wind, alongside solar and onshore wind remain cheaper to build and operate than new gas.

The government's mission for clean power by 2030 will also help make the UK energy secure again, getting households and businesses off the fossil fuel rollercoaster, controlled by petrostates and dictators, which caused the worst cost of livingcrisis in memory.

Notes to editors

Jobs estimates were provided by industry when submitting CIB applications. They include all jobs supported by the scheme including new jobs and existing jobs that will be sustained.

The final CIB allocation of c.£204millionremainssubject tofinal procurement decisionsby developers.

Disclaimer: Curated by HT Syndication.