The UK government has announced up to GBP 64 million in funding to develop Port Talbot in South Wales into a major hub for floating offshore wind in the Celtic Sea. This investment, led by the Department for Energy Security and Net Zero (DESNZ), aims to establish the port as the first in the region dedicated to supporting floating wind. The funding will support Associated British Ports (ABP) in completing essential design and engineering work required to build the new facility. Once completed, the new port is expected to support thousands of jobs and unlock over GBP 500 million in investment for Port Talbot, enabling the large-scale deployment of floating offshore wind turbines in deeper waters and unlocking 4.5 GW of floating offshore wind capacity awarded in the Celtic Sea. Grant terms for the Port Talbot floating wind upgrade have been agreed with ABP, and the funding is subject to the outcome of the mandatory Subsidy Advice Unit referral and final government approvals.