Wanting to apply to the GBE supply chain fund for offshore wind but too busy to collate the evidence? Read this and call us now!
For UK companies looking to expand their offshore wind manufacturing capability, the Great British Energy (GBE) Supply Chain Fund: Offshore Wind and Networks represents a significant opportunity. The £300m pot is large and could provide exactly what you, and many other UK manufacturers reading this, need to support that next step in gaining a foothold in the offshore wind market.
Whether you are still considering the opportunity or have already started an application, the key is to maintain momentum and avoid the process being crowded out by day-to-day priorities. BVG Associates can provide the focused support needed to keep it moving.
If you have a solution to what you perceive to be a restriction in the supply chain – be it a way to increase volume of production, to significantly decrease a cost area, or to reduce the need to import from outside the UK – but need some anchor funding to reduce the risk associated with investment, then you should be looking at applying. Do not forget, GBE wants you to apply. This money is playing a key role in Britain’s energy transition policy and GBE and ultimately the UK government need it to find its way to you.
If you have looked at this you will already be aware that GBE’s assessment process is both broad and thorough. It will assess applicants across strategic, technical, economic and financial criteria, including market viability, value for money, deliverability and the overall value-add case for assistance. Robust market-based evidence of your value proposition is a core requirement. Applicants are required to demonstrate credible market interest, the supply-demand gap their investment will address, and to provide evidence that there is sufficient commercial traction to support progression towards FID on the required action plan. Applicants are also strongly encouraged to provide supply-demand analysis of the critical component concerned.
This is where BVG Associates can help. We understand the demands of running a manufacturing business. We know that finding time to create and collate this evidence is difficult and time-consuming and, consequently, that there is a real risk you will conclude that the diversion of your attention away from your day job is simply too much – and so you will drop this opportunity for growth and GBE (and the wider UK.com) will lose another chance to invest in our energy transition.
We don’t want this to happen. GBE doesn’t want it. And neither do you. There is money available – we all want you to get it.
We have extensive experience across the offshore wind value chain. Our work supporting supply chain businesses gives us an understanding of the investment decisions, opportunities and barriers facing companies seeking to enter or scale within offshore wind. At the same time, our work with offshore wind developers, including supporting supply chain statements and Clean Industry Bonus applications, gives us insight into what future customers need from the supply chain and the evidence behind those requirements.
We use that experience to help applicants turn an investment proposition into a compelling, evidence-led business case: defining the addressable market, assessing supply and demand, demonstrating the significance of a capacity constraint, evidencing customer requirements and explaining how the proposed investment creates value for the wider UK offshore wind sector.
If you have a manufacturing investment opportunity that could qualify for the GBE supply chain fund, contact us at info@bvgassociates.com or simply call us on 01793 752 308. Whether you are starting from scratch or already have an application under way, we can help you hone the proposition, stress-test the case against the assessment criteria, strengthen the evidence and close any gaps – with minimal impact on your day job. The deadline of 10 December is looming, but with our help you can meet it.
There is nothing for you to lose – call us now!
