In November 2020, the Government announced plans to Build Back Greener after COVID19 through its ten-point plan, announcing £5 billion to support a green recovery and planning to mobilise £12 billion plus private investment to support 250,000 jobs by 2030. Regarding offshore wind, the plan increased ambition for capacity from 30 GW to 40 GW by 2030, including at least 1 GW of floating wind. Approximately £160 million will be invested to upgrade ports and manufacturing infrastructure to be able to service this level of expansion. Advancing offshore wind could deliver support for up to 60,000 jobs in 2030, around £20 billion of private investment by 2030 and savings of 21 MtCO2e between 2023 and 2032, or 5% of 2018 UK emissions.
One month later in December 2020, most of these plans were included in a long-anticipated Energy White Paper highlighting the importance of carbon emission reduction and creation of jobs. This is intended to mark the start of a Green Industrial Revolution moving away from a fossil fuel-reliant system and embracing cleaner energy options.