The Offshore Wind Growth Partnership (OWGP) has launched its most ambitious funding programme to date, offering between £300,000 and £25 million per project to boost UK offshore wind manufacturing under the Industrial Growth Plan.
Funding comes from the Offshore Wind Industry Council’s developer members through the Industrial Growth Fund (IGF), which is designed to accelerate domestic manufacturing investment in key components, systems and services for the sector.
Since 2019, OWIC’s funding has supported more than 380 high-impact projects strengthening UK supply chain capacity. The new IGF marks a larger phase of support aligned with the 2024 Industrial Growth Plan and will target expansion or construction of facilities producing turbine blades, cables and foundations, as well as technology for environmental services and operations and maintenance.
OWGP is leading delivery of the Industrial Growth Plan, coordinating investment between industry, government and stakeholders to ensure projects align with the UK’s industrial strategy.
Under the Clean Industry Bonus framework of CfD Allocation Round 7, generators can nominate OWGP to deliver part of their minimum standard commitments, with both CIB-eligible and other supply chain projects able to apply.
OWGP chair Tim Pick said: “I am delighted that we have today launched our first funding call based on OWIC’s Industrial Growth Fund. This represents a step change in the level of funding being deployed by OWGP, as part of our role delivering the Industrial Growth Plan.”
Programme director Anil Sayhan added: “The Industrial Growth Fund marks a major step in delivering the ambitions of the Offshore Wind Industrial Growth Plan. Through this funding initiative, OWGP is helping UK companies make the capital investments needed to grow home-grown supply, strengthen supply chain resilience, create high-value jobs, and position the UK at the forefront of offshore wind technology.”
RenewableUK deputy CEO and OWGP board member Jane Cooper said: “The launch of the first round of the Industrial Growth Fund is a landmark moment for the UK’s world-leading offshore wind industry. It will support the creation of vibrant, innovative new supply chains all over the country.”
Adam Morrison, Offshore Wind Industry Council co-chair and UK country manager of Ocean Winds, said: “Our Industrial Growth Plan identifies high-value components to focus on, such as designing and manufacturing turbine towers, blades, foundations and cables. The measures set out in our Growth Plan will enable us to create 10,000 extra supply chain jobs, tripling our current manufacturing capacity and boosting the UK’s economy by a further £25 billion between now and 2035.”
Applications for the Industrial Growth Fund are open until 12 December 2025 at 17:00, with the fund’s final value dependent on Allocation Round 7 award decisions expected by March 2026.