Government to go ahead with offshore wind funding

LONDON (Reuters) - The British government will go ahead with over 72 million pounds of funding for offshore wind projects, the Department for Business Innovation and Skills said on Thursday.

The Treasury has reviewed several large projects announced in January to check whether they were affordable, value for money and fitted with the priorities of the new coalition government.

The government will continue with an offshore wind blade test site in Blyth, an offshore wind turbine test site, offshore wind demonstration and development and a Mitsubishi research and development programme into offshore wind, it said.

However, the government has axed an 80 million pound loan to engineering company Sheffield Forgemasters to build parts for the next generation of nuclear power plants.

Reporting by Nina Chestney; Editing by Sue Thomas