Supply Chain Accelerator
To further growth in UK Offshore Wind, simultaneous investment in onshore and coastal infrastructure is vital. While Offshore Wind electricity generation in the UK has thrived, the infrastructure and supply chain have not kept pace.
In direct response to this, we have established a £50 million Supply Chain Accelerator (the Accelerator) fund with the explicit objective of helping catalyse the UK supply chain capacity and capability for offshore wind.
First funding round now open for applications
The application window is now open for an initial £10 million first round of funding that will be specifically aimed at UK projects that could support floating offshore wind in the Celtic Sea.
The application process will close on 30 July 2024. Successful projects will be announced from October 2024 following assessment of applications, negotiation of funding and commitment agreements and necessary approvals.
Our Accelerator will provide matched funding of up to £1m per project to UK supply chain projects to help them undertake the early-stage development works necessary to get them “investment-ready”. We will also be asking for an option to participate in the capital investment phase of projects that are taken forward.
A further £40 million has been earmarked that could potentially be deployed to support UK projects that meet opportunities identified by the Industrial Growth Plan, which sets out how to triple offshore wind manufacturing capacity over the next 10 years.
Further information
To apply, you must create an account on our online application portal by clicking the ‘Make an Application’ link above. If you’ve already registered an Expression of Interest, you don’t need to do this step as will already have an account.
If you have a question, please email accelerator@thecrownestate.co.uk and a member of the team will be in touch, alternatively you can browse the frequently asked questions below.