The Offshore Wind Growth Partnership (OWGP) has launched its new funding programme to support the investment priorities outlined in the Industrial Growth Plan (IGP).
The programme offers funding from £300,000 to £25 million per supply chain project and is financed by the Offshore Wind Industry Council (OWIC) developer members’ Industrial Growth Fund (IGF). The IGF aims to accelerate capital investment in the domestic manufacturing of key components, systems, and services for the offshore wind sector.
This larger phase of funding seeks to support organisations planning to expand or build new facilities. The IGP priorities that the funding will support include the manufacturing of turbine blades, cables, and foundations, as well as cutting-edge technology in environmental services and operations and maintenance (O&M).
With OWGP now leading the execution of the Industrial Growth Plan, supported by continued funding from OWIC, the offshore wind industry is delivering a new, strategic approach to supply chain growth — one that aligns with the IGP and the Government’s Industrial Strategy.
Under the Contracts for Difference (CfD) Allocation Round 7 Clean Industry Bonus (CIB) framework, generators participating in AR7 may nominate OWGP to deliver a portion of their CIB minimum standard commitments. Supply chain projects that meet the CIB criteria, as well as those that do not, are eligible to apply.
OWGP assumed the role of IGP Delivery Body in June 2025, allowing it to act as a coordinating mechanism for the Plan’s execution — ensuring that investments are impactful and consistent with industrial strategy. The Industrial Growth Fund represents the first step in directing those investments into the right areas of the supply chain to ensure maximum benefit for the sector and the wider UK economy.
Tim Pick, Chair of the Offshore Wind Growth Partnership and Commissioner of the Clean Power 2030 Advisory Commission, commented:
“I am delighted that we have today launched our first funding call based on OWIC’s Industrial Growth Fund. This represents a step change in the level of funding being deployed by OWGP, as part of our role delivering the Industrial Growth Plan.”
OWGP Programme Director, Anil Sayhan, remarked:
“The Industrial Growth Fund marks a major step in delivering the ambitions of the Offshore Wind Industrial Growth Plan.
“Achieving IGP targets requires strategic domestic investment to expand existing facilities and establish new ones capable of producing critical components.
“Through this funding initiative, OWGP is helping UK companies make the capital investments needed to grow home-grown supply, strengthen supply chain resilience, create high-value jobs, and position the UK at the forefront of offshore wind technology.”
Jane Cooper, Deputy CEO of RenewableUK and OWGP Board Member, said:
“The launch of the first round of the Industrial Growth Fund is a landmark moment for the UK’s world-leading offshore wind industry. It will support the creation of vibrant, innovative new supply chains all over the country, building on the hundreds of companies already thriving here which serve our sector. It will ensure that communities throughout the UK feel the tangible benefits of industrial regeneration in areas which need new opportunities.
The Industry Co-Chair of the Offshore Wind Industry Council and UK Country Manager of Ocean Winds, Adam Morrison, added:
“Our Industrial Growth Plan identifies high-value components to focus on, such as designing and manufacturing turbine towers, blades, foundations and cables, as well as providing services constructing and operating offshore wind farms. The measures set out in our Growth Plan will enable us to create 10,000 extra supply chain jobs, tripling our current manufacturing capacity and boosting the UK’s economy by a further £25 billion between now and 2035”.
Applications are open until Friday the 12th December at 17:00.