An overseas subsidiary of the South Korean CS Wind Corporation confirmed on 12 February that it has been awarded Regional Growth Funding from the UK government Department for Business Innovation & Skills (BIS) to build an offshore wind tower manufacturing facility in the Humber, North East England, UK.
Subject to orders and site selection, CS Wind UK Limited plan to build an offshore wind tower manufacturing facility in the Humber. This investment would result in the first factory in the UK to commercially produce offshore wind towers. The facility would become the European headquarters and generate almost 200 direct jobs in the local area, as well as a significant additional number of jobs in the local supply chain.
Speaking yesterday, Youngjae (David) Ryu, CS Wind UK Managing Director commented:
We are delighted to be able to announce our intention to make this investment in the UK today… CS Wind has been investigating the UK market for 12 months working closely with UK government, the offshore industry and regional networks to build a business case and develop a sustainable order book throughout Europe.
British Ambassador Charles Hay said:
I am delighted that CS Wind has been awarded Regional Growth Funding from the UK government. The Offshore wind sector is extremely important and CS Wind’s aspiration to build the UK’s first factory dedicated to the production of offshore wind towers is extremely welcome. This deal is a great example of the continued close cooperation between the UK and South Korea and the job creation, value and innovation this brings to both partners.
Regional Growth Fund (RGF)
Today’s award is subject to the completion of satisfactory due diligence.
The government’s Regional Growth Fund has invested nearly £3 billion to help businesses in England to grow; so far generating over 100,000 jobs.