£46 million funding over five years for the Offshore Renewable Energy Catapult Centre to join up innovation between industry, government and academia and help companies to bring new products to market;
A new Offshore Wind Investment Organisation, established by UKTI, to attract inward investment to the UK;
Industry-led initiatives to share information with the supply chain about their procurement timelines and contracting decision points;
Proposal that would require developers of offshore wind farms above a certain size to produce a supply chain plan before they can apply for a Contracts for Difference (CfD) – long-term contracts to provide stable revenues for investors in low carbon energy projects – setting out how the project and procurement approaches will encourage a wider, more diverse supply chain and support innovation, competition and skills;
Expansion of the scope of the DECC offshore wind manufacturing funding scheme to support port and coastal infrastructure development in assisted areas of England. Any grants offered will be conditional on sites securing manufacturing investment; and
The Green Investment Bank (GIB) has an ambition to invest a significant proportion of its £3.8 billion capital in offshore wind, co-investing in projects with commercial parties.
49.
Overall, there is a strong Government policy and strategy drive to develop and promote the offshore wind farm industry. The benefits of creating jobs in a green industry are that they can simultaneously improve environmental quality and reduce unemployment.
28.6.2 Regional Context
28.6.2.1 Great Yarmouth and Lowestoft 50.
Great Yarmouth and Lowestoft are one of the Government’s low carbon Enterprise Zones where incentives are provided to new and expanding businesses and industries (such as the offshore wind sector). To provide the planning framework for the Enterprise Zone, Waveney District Council and Great Yarmouth Borough Council have created Local Development Orders (LDO) to help enable the further development of Beacon Park and South Denes, Ellough in Beccles and Mobbs Way, PowerPark (Beach Industrial Estate), Riverside Road and South Lowestoft Industrial Estate in Lowestoft. The goal is to enhance economic growth through the development of high-tech/research and development sector businesses, particularly those associated with the offshore energy industry. The aim is to allow greater permitted development rights for businesses in this sector.
Preliminary Environmental Information May 2014
East Anglia THREE Offshore Windfarm
Chapter 28 Socio-economics Page 18
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