FLOWMIS Scheme Application Date Closes 11:59pm (UK BST) on Sunday 27 August 2023. £160m funding2 Aug 2023 15:52
Https://www.gov.uk/government/publications/floating-offshore-wind-manufacturing-investment-scheme
"However, the UK needs more investment to facilitate capacity and capability to deploy and
service the scale of the floating offshore wind pipeline and meet our offshore wind ambitions. In
particular, the UK needs port facilities combining a substantial depth of water with heavy-lift
capacity and extensive quayside space. These features are needed to enable the serial
fabrication, marshalling, assembly, and transport of floating offshore wind turbines and to
accommodate floating offshore wind foundations that can each weigh thousands of tonnes and
require significant space. The 17.8GW announced through the ScotWind leasing round and the
4GW in the Celtic Sea could together require well over one thousand foundations, presenting
the UK with an urgent need to establish the capacity to deliver floating offshore wind at scale.
In light of this, the Government has announced that up to £160 million (“Scheme Cap”) in grant
funding will be made available for certain investments for floating offshore wind sector
(“Projects”). DESNZ has established the Floating Offshore Wind Manufacturing Investment
Scheme (“FLOWMIS” or the “Scheme”) to distribute this funding to support critical port
infrastructure that will enable the delivery of floating offshore wind. Through the Scheme,
DESNZ hopes to capture benefits to the UK economy including:
• enabling the delivery of our 5GW 2030 deployment ambition by securing the additional
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;"
Sign In
Follow the stocks
