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GROW: Offshore Wind launches two Fast-Track funding calls

GROW:Offshore wind has launched two Fast-Track funding calls both of which can help English companies accelerate their offshore wind investment plans over the next 6 months, and create jobs as a result.

Fast Track Funding Call 1 - Capital Investment

The call can offer grants of up to £500k for English SMEs and can support investment in:

* Tangible Assets - land, buildings, plant, machinery, equipment

* Intangible Assets - patents, licences, know-how or other intellectual property

The call is supported by service partner RenewableUK and its' Supply Chain Strategy Group, which brings together representatives of key suppliers and OEMs in the UK offshore wind market.

The call is particularly keen to support larger projects (£50k - £500k grant) because of the beneficial knock-on effects these typically have in the wider supply chain.

Fast Track Funding Call 2 - Investing in Innovation

The call can offer grants of up to £500k for all English companies for investment in innovation projects which will help to create jobs in the offshore wind supply chain. Grants of up to 50% for eligible costs are available to cover costs of Personnel, Instruments and Equipment, Buildings and Land, Materials and consumables and Patents.

The call is supported by both the Knowledge Transfer Network and the Offshore Renewable Energy Catapult

The call is again keen to support larger projects (£50k +) and also those where grant funding will be used to meet eligible costs of external technology partners - whether educational institutions, technology centres or other companies.

For both funding calls a streamlined approvals process is in place so successful applicants are able to access funding by early November. Companies wishing to submit Expression of Interest Applications should do so by 8th October 2014 for the Capital Investment Fast Track Funding call and 15th October 2014 for the Investing in Innovation Fast Track Funding call.

For more information visit the GROW website at http://www.growoffshorewind.com/

You can download the GROW:Offshore Wind - Fact Track to Funding for Capital Investment by following the link:
http://www.growoffshorewind.com/wp-content/uploads/2014/09/GROW-FTF-Capital-Brief.pdf

You can download the GROW:Offshore Wind - Fast Track to Funding for Investment in Innovation at this link:
http://www.growoffshorewind.com/wp-content/uploads/2014/09/GROW-FTF-Innovation-Brief.pdf

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Posted 2014-09-30 09:44:28

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