• OWGP launches latest Development Grant funding competition
• £2m available to UK offshore wind supply chain to improve competitiveness, increase capability and build new capacity
• Grants of £50k to £500k available to unlock a step-change in company growth
The Offshore Wind Growth Partnership (OWGP) has released its latest Development Grant funding call, with £2 million available for UK businesses looking to accelerate their growth in the offshore wind supply chain.
The grants can be used as capital or operational expenditure in projects that will unlock significant growth potential in UK content, jobs and export opportunities within the offshore wind sector.
Grants of up to £500,000 are available, to cover up to 50% of the total project budget. Development grants will be awarded on a competitive basis, with successful proposals demonstrating a long-term business plan and a clear ambition for growth in the sector. Projects that unlock significant export opportunities are of particular interest.
166 UK companies have already benefited from OWGP’s support since the organisation’s inception in 2019. Over 1100 companies have now registered an interest on the OWGP website, where further information on the Development Grants can be found.
More information will also be provided at a briefing webinar on Wednesday 15th June 2022, where attendees will learn more about the competition and how to apply.
