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| The Offshore Wind Growth Partnership (OWGP) has launched its new Manufacturing Facility Support Programme (MFSP), targeted at unlocking investments in UK manufacturing facilities to support the growth of the offshore wind sector.
The new fund has £2m available for UK businesses looking to either build new manufacturing facilities or significantly expand existing facilities that make key components, equipment and/or systems required for the offshore wind sector. The Stage 1 application window is open now until Friday 20th September 2024. The MFSP aims to increase UK offshore wind manufacturing capability and capacity by catalysing early-stage investment. Matched funding of up to £500,000 will be provided via a two-stage application process to help accelerate and de-risk the early stage (pre-investment) development activities required to unlock capital investment in facilities. Funding is available for facilities that align with the priority focus areas and UK manufacturing opportunities identified in the recent Offshore Wind Industrial Growth Plan commissioned by the Offshore Wind Industry Council (OWIC) and RenewableUK, The Crown Estate and Crown Estate Scotland. Iain Sinclair, Executive Director at Global Energy Group and Non-Executive Director for OWGP said: “This new programme will provide highly-focused support to innovative UK-based manufacturing companies with the necessary resources to develop new or additional production capacity geared towards providing locally-produced equipment and systems. Developing these resources is key to helping accelerate the deployment of offshore wind in the UK, helping us to reach our ambitious target of 60GW by 2030. “The MFSP programme further advances our mission to improve productivity, increase business competitiveness, boost innovation, and support a globally competitive offshore wind supply chain in the UK.” MFSP funding will be awarded on a competitive basis in the form of a grant. Successful proposals will demonstrate a long-term business plan that covers investment plans, forecast market share, revenue, profitability, employment and exports. For more information on eligibility and how to apply, visit https://owgp.org.uk/funding-and-support-opportunities/. There will also be a Briefing Webinar on 5th September 2024 between 2pm-3pm: register here to join |
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| Notes to editors
Image credit: CASC For more information contact: Pamela Bailey, PR Manager, 07591 339384, pamela.bailey@ore.catapult.org.uk About the Offshore Wind Industry Council (OWIC) A senior Government and industry forum, OWIC was established in 2013 to drive the development of the world-leading offshore wind sector in the UK. |
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| About the Offshore Wind Growth Partnership
About the Offshore Wind Growth Partnership The Offshore Wind Growth Partnership (OWGP) is a long-term business transformation programme that has been established as part of the UK Offshore Wind Sector Deal. It promotes closer collaboration across the supply chain, implements structured productivity improvement programmes and facilitates shared growth opportunities between developers and the supply chain. OWGP has supported 225 UK companies since the organisation’s inception in 2019. Over 1400 companies have now registered an interest on the OWGP website, where further information on the Innovation Grants can be found. For more information and to apply for funding or business transformation support, go to https://owgp.org.uk/funding-and-support-opportunities/ With funding from the Offshore Wind Industry Council (OWIC), delivery is focused on direct support to supply chain companies through a combination of business transformation and grant funding. The Offshore Renewable Energy (ORE) Catapult is managing the delivery of OWGP with support from specialist delivery partners. |