The Offshore Wind Growth Partnership (OWGP) has released its latest Development Grant funding call, with £2m 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 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.
Around 166 UK companies have already benefited from OWGP’s support since the organisation’s inception in 2019.
More information will also be provided at a briefing webinar on Wednesday 15 June 2022, where attendees will learn more about the competition and how to apply.