Business Secretary Kwasi Kwarteng said: “Floating offshore wind is key to unlocking the spectacular wind energy resource we enjoy in the UK, particularly in the deep waters around the coasts of Scotland and Wales.”
Stressing the Government’s “levelling-up” agenda, he added: “This investment will help to attract further private sector backing to boost our industrial heartlands.
It will create and support thousands of good quality jobs ensuring they remain at the forefront of the next generation of clean energy as we build back greener.”
Developers and manufacturers will be able to bid for a share of the £160 million to “kickstart” schemes.
However, environmentalists have criticised the Government after Chancellor Rishi Sunak’s Budget made so little mention of the shift to a greener economy.
Ministers have committed for the UK to be net zero by 2050.