Offshore wind supply chain projects could secure investment of up to £25 million through a new funding scheme.
The Offshore Wind Growth Partnership (OWGP) will offer £300,000 to £25 million per supply chain project, to support investment priorities set out in the Industrial Growth Plan.
Funding for the programme comes from Offshore Wind Industry Council (OWIC) developer members through its Industrial Growth Fund.
“I am delighted that we have today launched our first funding call based on OWIC’s Industrial Growth Fund," said Tim Pick, chair of the Offshore Wind Growth Partnership and commissioner of the Clean Power 2030 Advisory Commission.
"This represents a step change in the level of funding being deployed by OWGP, as part of our role delivering the Industrial Growth Plan.”
Since 2019, funding from OWIC, an industry government coalition, has supported more than 380 projects that have strengthened the capacity and capability of the UK offshore wind supply chain.
