Industrial Growth Fund

The Industrial Growth Fund (IGF) provides funding ranging from £300k – £25m per project to support the development, expansion, and commercial readiness of UK-based facilities that will supply key components, equipment, systems or services into the fixed and floating offshore wind sectors.  

The programme is designed to support capital investment projects from UK-based organisations looking to expand existing or build new supply chain facilities that align with the 2024 Industrial Growth Plan (IGP) priorities. This includes both CIB compliant and non-CIB compliant projects. 

This programme will support projects fitting one of the “Make”, “Nurture to make” and “Protect” prioritisation categories identified in the IGP.  Projects that are directly aligned with at least one of the following supply chain categories will be prioritised:   

• Advanced Turbine Technology,
• Industrialised Foundations & Substructures,
• Future Electrical Systems and Cables,
• Smart Environmental Services, and
• Next Generation Installation, Operations & Maintenance. 

The IGF aims to boost supply chain capability and capacity, accelerating investment in domestic facilities for both fixed and floating offshore wind. These investments, enabled by funding from OWIC, will create high-value jobs, strengthen supply chain resilience, and enable projects that deliver long-term growth, exports and technology leadership. 

Eligibility

You are eligible to apply for support through the Industrial Growth Fund if your company or organisation meets the following criteria:

• UK-based companies with demonstrated intent to supply the offshore wind sector, including existing offshore wind suppliers, companies from adjacent sectors, new entrants with transferable capabilities.
• Applicant is registered in the UK and has a presence in the UK (with appropriate company number).
• The proposed facility/asset is in the UK.
• Proposal is for an eligible facility that aligns with one of the IGP priorities.
• Funding requested is within the stated thresholds (£300,000 - £25,000,000)
• Applicant acknowledges that the funding is for a fixed percentage of their project (depending on total project cost).
• Pre-Financial Investment Decision (FID) investment may be eligible as part of the total expenditures set out in the Project Proposal.
• All Project Proposals must cover the full project lifecycle through to commissioning.
• For CIB-compliant projects the application must meet the criterion outlined in the CfD AR7: CIB Allocation Framework 2024

Applications close: Friday 12 December 2025 at 17:00