The Offshore Wind Growth Partnership (OWGP) has revealed the 11 companies that have secured a share of the funding pot released in May 2023.
The beneficiaries of the £2.4m are EchoBolt, Insensys, Unmanned Survey Solutions, Encomara, Quoceant, Technip FMC, Plaswire, CRC Evans, London Marine Consultants, SeaRoc and Windscope.
The grant funding will support offshore wind supply chain projects totalling £5m.
The successful projects have a key focus on improving capability, increasing competitiveness and driving forward business growth within the offshore wind sector.
The OWGP has also released its latest Development Grant funding call, with £2m for UK businesses looking to accelerate their growth in the offshore wind supply chain.
Funding is available for projects that target at least one of the high-value focus areas identified in the recent Supply Chain Capability Analysis report, commissioned by the Offshore Wind Industry Council (OWIC) and OWGP.
Melissa Read, Offshore Wind Manager at Equinor and Industry Lead for OWGP said: “We’re delighted to announce the latest development grant, now with a more programmatic focus based on a detailed economic analysis of the supply chain conducted with offshore wind industry experts.
“While the UK has many strengths, the Supply Chain Capability Analysis was written in recognition that the UK could do more to fully grasp the economic potential offered by its world-leading wind sector – as UK suppliers face fierce international competition for business.
“With this new targeted fund, we hope to enable more UK-based organisations to play their part in the growth of renewable power in UK and international waters.”
Grants of up to £500,000 are available to cover up to 50% of project costs and will be awarded on a competitive basis.