The Offshore Wind Growth Partnership (OWGP) has released its latest Development Grant funding call, with £3.5 million 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 significant growth potential in UK content, jobs and export opportunities within the offshore wind sector. Grants of up to £1 million 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. OWGP has also unveiled the seven companies successful in securing a portion of the £3.5 million funding pot released in May 2021:JET Engineering Systems Solutions, Sulmara Subsea, Pict Offshore, Anakata Wind Power Resources, DFS Composites, James Walker & Company and Granada Material Handling have all been awarded OWGP Development Grants to support offshore wind supply chain projects totalling over £6 million.