Industrial Growth Fund
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Applications are not currently being accepted.
Eligibility
- UK-based companies with demonstrated intent to supply the offshore wind sector, including existing offshore wind suppliers, companies from adjacent sectors, new entrants with transferable capabilities.
- Applicant is registered in the UK and has a presence in the UK (with appropriate company number).
- The proposed facility/asset is in the UK.
- Proposal is for an eligible facility that aligns with one of the IGP priorities.
- Funding requested is within the stated thresholds (£300,000 - £25,000,000)
- Applicant acknowledges that the funding is for a fixed percentage of their project (depending on total project cost).
- Pre-Financial Investment Decision (FID) investment may be eligible as part of the total expenditures set out in the Project Proposal.
- All Project Proposals must cover the full project lifecycle through to commissioning.
- For CIB-compliant projects the application must meet the criterion outlined in the CfD AR7: CIB Allocation Framework 2024
Scoping Guidance & Documents
To boost your chance of success, always read the scoping document to check your eligibility before you start the application.
Top tips for a successful funding application
Frequently asked questions
If you are receiving funding from a competition launched in the last 12 months, you are not eligible to apply.
No, you will be notified of the award decision for the innovation grants call before the Stage 1 application window closes for the next Development Grant call. Note, there will be Development Grant calls every 6 months.
Yes, and vice-versa
Unlike Innovate UK, there is no set RTO or academic institution allowance. Funding is allocated to the lead organisation who can sub-contract elements of the scope to project partners. The total project costs, including allocation to sub-contracting, should be detailed in the application.
Typically, this would be time spent on the project and indicated in the labour costs. It may also include in-kind materials or facilities.
Frequently asked questions
The Industrial Growth Plan outlines critical priorities within the offshore wind supply chain through a “make” or “buy” analysis. Projects which meet one of the priorities listed under the “Make,” “Nurture to make” or “Protect” categories will be eligible for support through the Industrial Growth Fund. Check page 6 of the IGP for a full breakdown of the priorities.
While projects that fit into the “Make” category of the IGP will be prioritised, other projects that fit into one of the “Nurture to make” or “Protect” categories of the IGP will also be considered. For a full breakdown of these categories please see the full breakdown on page 6 of the IGP.
As set out in section 5 of the CfD AR7: Clean Industry Bonus Allocation Framework, 2024, Ports and, or facilities or firms manufacturing, assembling or installing the key components defined in the CIB Framework will be eligible for funding through the IGF as a CIB compliant project. Please review the details of the CIB Allocation Framework here: CfD AR7: Clean Industry Bonus Allocation Framework, 2024.
Under the CfD AR7 CIB Framework a share of the generator’s minimum standard set out in this section may be invested in the Offshore Wind Industrial Growth Plan (IGP) Delivery Body, to invest this amount on behalf of the generator. The outcome of AR7 applications will therefore have a direct influence on the number of projects that can be supported through this funding call.
CIB compliant projects refer to projects that align with the Contracts for Difference Scheme for Renewable Electricity Generation Allocation Round 7: Clean Industry Bonus Allocation Framework, 2024. To receive funding through the IGF as a CIB compliant project, applicants must satisfy requirements as defined in the CfD AR7: CIB Allocation Framework 2024.
If your project is not CIB compliant, you may still be eligible to for IGF funding as a non-CIB compliant project, so long as your project aligns with one of the “Make,” “Nurture to make” or “Protect” categories outlined in the Industrial Growth Plan.
To receive funding through the IGF as a CIB compliant project, applicants must satisfy requirements outlined in the CfD AR7: CIB Allocation Framework 2024.
No, you are not obliged to pay back the funding you receive, however, OWGP encourages recipients to consider repaying funds awarded once the facility is in operation and profitable. Applicants can also offer capacity reservation on a not-for-profit basis as a form of payback. This allows OWGP to reinvest these funds into future OWGP support programmes.
The call is to fund capital expenditure that supports the development, expansion, and commercial readiness of UK-based facilities that will supply key components, equipment, systems or services into the fixed and floating offshore wind sectors. Materials, equipment, labour, subcontracts and overheads are eligible expenditures, subject to due diligence and CIB Allocation Framework where applicable.
Yes, and vice–versa.
Yes, so long as the application is from a UK-based entity and the benefits of the project will be realised in the UK.