The Offshore Wind Growth Partnership (OWGP) has launched a £2m competition and has awarded £3m to 12 companies from the 2024 funding calls.
OWGP’s Development Grant programme aims to support UK supply chain companies to scale up, significantly strengthening the country’s position in the global offshore wind market with a total funding pot of £2 million.
The grants available will range from £50,000 to £500,000, with applicants eligible to request up to £500,000 for projects that cover up to 50% of the total budget.
The competition is open to both offshore wind sector companies and those outside the industry, provided their projects align with priorities outlined in the Supply Chain Capability Analysis and Industrial Growth Plan.
Funding will be awarded on a competitive basis, with priority given to proposals featuring near-to-market or market-ready solutions, and a clear ambition for growth within the sector.
In 2024, OWGP awarded £3m in funding to 12 UK-based supply chain companies, helping to drive innovation in line with the Industrial Growth Plan and Supply Chain Capability Analysis.
This included £1m in Innovation Grants, championed by Ocean Winds and ScottishPower Renewables, and £2m in Development Grants to foster sector growth.
Hutchinson Engineering, Power CSL, RelyOn, Global Greenergy Group, and Oxford Sensors have been awarded Development Grants, while Synaptec, Sedwell (trading as InterBolt), Marine Power Systems, Apollo, Crondall Energy, HonuWorx, and HPR Rov have been awarded funding through the OWGP Innovation Grant.
Melissa Read, offshore wind manager at Equinor and Offshore Wind Industry Council (OWIC) OWGP board observer, said: “As the UK works towards its ambitious offshore wind capacity targets, the need for a resilient and competitive supply chain has never been greater.
“OWGP’s Development Grant programme is designed to support this growth, providing financial backing to help businesses scale up.”