Labour proposes 12,000 offshore wind jobs in East Anglia

Labour has announced that should they enter government, the party will create just over 12,000 East Anglian jobs in the offshore wind sector by 2029.

Shadow Business Secretary Rebecca Long-Bailey announced Labour’s plans to build 37 new offshore wind farms.

The 'People's Power Plan' has pledged between £131,560,000 and £224,400,000 to the East of England.

Labour believe their plans for offshore wind will generate at least 67,000 jobs across the UK. This includes 12,000 jobs in East Anglia, 19,000 in Scotland, 10,000 in the North East, 11,000 in Yorkshire & Humber, 2,013 in North West, 671 in South West and 2,013 in Wales.

The cost of offshore wind tumbled below £40 per megawatt-hour of electricity last week. However, Labour said deployment was too slow and that jobs and revenue were being taken outside the UK.

Under Labour's plans, a 'People's Power Fund' would be created with 20% of the profits from the publicly-owned stake. This would invest between £600 to £1,020 million each year into infrastructure in "held-back" coastal communities.