Marine
Supply Chain Accelerator
A £50million fund to help catalyse UK supply chain capacity and capability for offshore wind
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. Our first funding round opened in June 2024 to support UK projects that could support floating offshore wind in the Celtic Sea, as identified by the Celtic Sea Blueprint.
We awarded nearly £5 million to 13 diverse applicants across the UK for this first funding round. Find out more here.
A further £45 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.
We are currently considering the scope for future rounds and will be providing a detailed update in Spring 2025.
Further information
We welcome feedback and input from potential applicants who are interested in the next funding round. You can share these with us via accelerator@thecrownestate.co.uk.