This report provides an in-depth analysis of the UK’s offshore energy supply chain, highlighting key challenges and opportunities in supporting the energy transition. It examines the economic and policy landscape, investment trends, and the sector’s role in delivering secure, homegrown energy while transitioning towards net zero.
Key findings indicate the UK risks losing the skills and industrial capability needed to deliver its offshore energy projects unless potential demand becomes a sustained programme of commercially viable work. Just 35% of the 60 companies surveyed are confident about their UK business outlook over the next 12 months, while 8 in 10 expect a greater share of future investment and growth overseas. The findings underline the urgent need to keep competitive offshore energy supply chain capability anchored in the UK. The report also explores strategic priorities such as improving procurement practices, fostering investment confidence, and expanding capabilities in offshore wind, carbon capture and storage (CCS), and hydrogen.
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