Fishing and Coastal Growth Fund
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, with reference to the press release entitled Government to launch £360m Fishing and Coastal Growth Fund, published on 19 May 2025, whether the £360 million includes funding for offshore wind developments.
Answered by Emma Hardy
We have launched the £360 million “Fishing & Coastal Growth Fund” to support the next generation of fishermen and breathe new life into our coastal communities. We will work with the fishing and seafood sector and coastal communities to understand how to target investment where it matters most.
Alongside this, on 21st May this Government published a working paper setting out proposals for mandatory community benefits for low carbon infrastructure and Shared ownership in Great Britain. Under the proposals developers would be required to contribute a set amount to a community fund. This work is being led through the Department for Energy Security and Net Zero.
The Government supports offshore wind projects through the Contracts for Difference scheme, which guarantees a set price per MWh of electricity for 15 years, indexed to inflation.
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