The Scottish National Investment Bank has committed £20 million to support subsea cable manufacturing company XLCC, who is developing a cutting-edge production facility at the former Hunterston Terminal in Ayrshire.
Upon completion, the plant will generate around 900 jobs, including over 200 apprenticeships, significantly boosting local employment. Designed to produce thousands of kilometers of high-voltage direct current (HVDC) cables annually, the facility will play a critical role in the transmission of electricity over long distances, supporting the energy transition.
This investment aims to accelerate capacity in a market that is growing at rapid pace, and yet delivery lead times can be in excess of 5 years, threatening viability of offshore wind farm projects due to supply chain constraints.
OWGP Programme Director, Anil Sayhan, has praised the investment, noting its impact on both green job creation and economic growth.
“The Scottish National Investment Bank’s £20 million commitment to XLCC is a prime example of strategic investment that strengthens the UK’s offshore wind supply chain while supporting key priorities within the Industry Growth Plan.
“As the newly appointed IGP Delivery Body, we aim to encourage public and private investments into facilities like the XLCC cables factory in Hunterston, as we build on OWGP’s core mission to accelerate the growth of the UK offshore wind supply chain, while positioning the IGP as the strategic blueprint for industry development.”
Contact Information
| Media Team |
| media@ore.catapult.org.uk |
Notes to editors
For more information contact:
Rhianna Knight-McGrath, Communications Manager at OWGP, rhianna.knight-mcgrath@ore.catapult.org.uk
About the Offshore Wind Growth Partnership
The Offshore Wind Growth Partnership (OWGP) is a long-term business transformation programme that has been established as part of the UK Offshore Wind Sector Deal. It promotes closer collaboration across the supply chain, implements structured productivity improvement programmes and facilitates shared growth opportunities between developers and the supply chain.
OWGP has supported 225 UK companies since the organisation’s inception in 2019. Over 1400 companies have now registered an interest on the OWGP website, where further information on the Innovation Grants can be found. For more information and to apply for funding or business transformation support, go to https://owgp.org.uk/funding-and-support-opportunities/
With funding from the Offshore Wind Industry Council (OWIC), delivery is focused on direct support to supply chain companies through a combination of business transformation and grant funding. The Offshore Renewable Energy (ORE) Catapult is managing the delivery of OWGP with support from specialist delivery partners.