News of the funding will be welcomed by the North East renewables businesses within the region's growing renewables ecosystem, many of whom are focused around the Port of Tyne, Port of Blyth and Teesport, which are already feeding into a number of key windfarm developments around the UK, including Hornsea 3, the world's single largest offshore wind farm. The announcement comes a year after the Industrial Growth Plan was published setting out how offshore wind manufacturing capacity can be trebled over the next ten years in moves which could create an additional 10,000 jobs a year, with North East businesses poised to take advantage of opportunities thanks to their existing expertise in the sector. The plan identified five key technology areas in which to prioritise investment, including the design and manufacture of offshore wind blades and turbine towers, foundations, cables and other key components and services for projects in the UK and abroad.