Deadline: 14-Jan-22
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 and beyond, 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
Focus Areas
Projects can focus on one or more of the following areas that facilitate company growth:
- Investing in new equipment or facilities to increase manufacturing or service delivery capacity or capability.
- Developing and implementing new operational processes that will increase competitiveness in the UK and global markets.
- 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.
- Other activity that will grow the company and lead to increased UK jobs, turnover and/or exports.
Funding Information
- 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. The call is open to a wide range of proposals across the existing offshore wind supply chain and new market entrants.
- Projects can be between 9 months and 24 months duration.
Target Areas
This competition is open to UK companies that are currently working in offshore wind but also from adjacent sectors such as:
- Onshore Wind
- Renewables (other)
- Aerospace
- Oil & Gas
- Nuclear
- Automotive
Eligibility Criteria
- Applicants must be a UK-registered company of any size.
- Applicants cannot submit a funding application for a project that is already underway or is anticipated to commence prior to the award decision.
- Applicants must NOT be in receipt of current OWGP grant funding through a funding competition launched within the last 12 months.
- Applicants that are resubmitting a proposal from a previous OWGP funding competition may only resubmit ONCE.
- Applicants must demonstrate existing capability or that this can be applied to offshore wind.
- Applicants must be able to demonstrate a clear business need or market opportunity for their development activity.
- Applicants must demonstrate 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)
Ineligible
They are not funding projects:
- That do not focus on company growth in offshore wind specifically.
- That are not led by a UK company
- That do not align with the scope
- That are already underway
- From companies that cannot clearly demonstrate a business case or market opportunity
- From companies that cannot demonstrate an in-kind contribution
- From companies that have received an OWGP grant from a funding competition dated within the last 12 months.
- That have already been resubmitted to OWGP following an initial unsuccessful application
- That are early-stage research and unable to demonstrate short-term impact on company growth
- That will not be ready to start by 1st July 2022
For more information, visit https://owgp.org.uk/about/grant-funding/