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Posted 2024-05-29 12:42:02 by

In order to deliver the offshore wind capacity needed to support the UK's energy security and net zero goals, we need to develop and invest to build a thriving domestic supply chain for offshore wind.

The Crown Estate has established a 50million Supply Chain Accelerator fund to help catalyse UK supply chain capacity and capability for offshore wind.

The Crown Estate has launched an initial 10million 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 opens formally in mid-June and closes at the end of July. Successful projects will be announced from October 2024 following assessment of applications, negotiation of funding 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 early stage development works necessary to get them 'investment ready'.

A further 40m has been earmarked for further funding rounds aligned to the Industrial Growth Plan, which sets out how to triple offshore wind manufacturing capacity over the next 10 years.

For more information please click here.