Supply Chain Accelerator – Apply by 30/07/24

A £50million fund to help catalyse UK supply chain capacity and capability for offshore wind.

Apply by 30 July 2024.

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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, The Crown Estate 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. 

The 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”. The Crown Estate 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.

More about this funding opportunity

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