Floating Offshore Wind Manufacturing Investment Scheme

Scheme to support the delivery of port infrastructure to facilitate floating offshore wind.

The United Kingdom Government has announced that up to £160 million in grant funding will be made available for certain investments for the floating offshore wind sector. The Department for Energy Security and Net Zero (DESNZ) has established the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS) to distribute this funding to support critical port infrastructure that will enable the delivery of floating offshore wind.

Through the scheme, the government hopes to capture benefits to the UK economy including:

• enabling the delivery of the 5GW 2030 deployment ambition by securing additional suitable port capacity necessary to scale up and accelerate floating offshore wind deployment in the UK
• increasing capability in the UK floating offshore wind supply chain, driving cost reduction and the commercialisation of floating offshore wind technology
• delivering industrial growth and associated regional economic and social benefits (for example, quality jobs and increased GVA)
• contributing to our target to achieve net zero by 2050

Guidance is available outlining the process through which DESNZ will distribute scheme funding. It details how the scheme will work, how applications are to be made to the scheme, the eligibility criteria for participation in the scheme, how applications to the scheme will be assessed and how scheme funding will ultimately be distributed (by way of Grant Funding Agreements), including the contractual arrangements and how successful projects will report progress.

Find out more about the Floating Offshore Wind Manufacturing Investment Scheme and how to apply.

First published 30 March 2023