Further information, guidance and details about how to apply is available on the OWGP website.
The Offshore Wind Growth Partnership (OWGP) has issued its next funding call, with a total funding pot of £3.5M for projects that will help companies improve competitiveness and/or increase capability to accelerate their growth in the sector. The call is open to a wide range of proposals across the existing supply chain as well as new market entrants to fund projects that will lead to an increase in UK content, jobs, turnover and/or exports in the offshore wind sector. This covers investment in new equipment and facilities as well as the development and implementation of new processes.
This competition is open to UK companies that are currently working in offshore wind but also from adjacent sectors such as:
o Oil & Gas.
o Onshore Wind, and/or
Grants of £100,000 to £1,000,000 are available to UK businesses for transformational projects that will lead to a step-change in company growth. Projects can be between 9 months and 24 months duration.
Projects can focus on one or more of the following areas that will facilitate company growth:
1. Developing and implementing new operational processes that will increase competitiveness in the UK and global markets.
2. Investing in new equipment or facilities to increase manufacturing or service delivery capacity or capability.
3. Investing in new technologies, products and/or services to improve operational performance, reliability and/or efficiency. Please note that any technology development should be near-to-market, ready for commercialisation, and/or
4. Other activity that will grow the company and lead to increased UK jobs, turnover and/or exports.
To be eligible to apply, applicants should meet the following criteria:
o Able to demonstrate a clear business need or market opportunity for their development activity.
o Be a UK-registered company of any size.
o Demonstrate existing capability or that this can be applied to offshore wind.
o Demonstrate their ability to contribute cash or in-kind investment of at least 50% of the total project budget. (For example: a £2m project could be made up of £1m OWGP grant, £500k investment from company and £500k in-kind from the company)
o They are not be in receipt of current OWGP grant funding through a funding competition launched within the last 12 months, and
o They do not have a project which is already underway or is anticipated to commence prior to the award decision.