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Offshore Wind Group announces £2 million investment to boost UK manufacturing capabilities

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Offshore Wind Group announces £2 million investment to boost UK manufacturing capabilities
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The Offshore Wind Growth Partnership has launched its new Manufacturing Facility Support Programme to boost investments in UK manufacturing and foster the growth of the offshore wind sector. With £2m available for UK businesses seeking to construct new manufacturing facilities or expand existing ones, the Stage 1 application window is open until Friday 20th September 2024.

Moreover, the Partnership aims to enhance UK offshore wind manufacturing capability and capacity by providing matched funding of up to £500,000 through a two-stage application process. Iain Sinclair, Executive Director at Global Energy Group and Non-Executive Director for OWGP, emphasized the importance of supporting UK-based manufacturing companies in developing production capacity to accelerate the deployment of offshore wind in the UK.

Furthermore, funding will be awarded on a competitive basis in the form of a grant. Successful proposals will demonstrate a comprehensive business plan covering investment plans, forecast market share, revenue, profitability, employment, and exports.

Additionally, a message from the Editor highlights the impact of the Covid-19 pandemic on the news industry and the importance of reader support to sustain quality journalism. Donations and magazine subscriptions are encouraged to help maintain journalism standards in challenging times. Subscribers will have unlimited access to the website and magazine, as well as exclusive invitations and content. Click here to subscribe and support quality journalism during these trying times.

Tags: groupinvestmentManufacturingmanufacturing potentialOffshorepotentialUKUK manufacturingwind£2m investment
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