A new £15 million fund aimed at kick-starting the way both transport and heating is powered in Scotland has been launched.
In an industry first, SP Energy Networks has teamed up with the Scot-Govt, British energy regulator OFGEM and independent academic advisors to fund initiatives focussed on the decarbonisation of the transport and heating in Scotland that can also boost local economic growth.
The Scot-Govt’s Scottish Energy Strategy will ultimately require a transformation in all forms of transport and the traditional heating for homes that will depend on key infrastructure and should also create new jobs and businesses across Scotland.
Frank Mitchell, Chief Executive, SP Energy Networks, pledged that the firm would voluntarily contribute up to £15 million over a two-year period to support initiatives that will benefit the people of Scotland and support Scotland’s ambitious green energy plans and local economic growth.
He said: “This is a call out to communities and businesses to come forward with their own ambitious projects that support Scotland’s low carbon future and create jobs in our communities.
“Any initiatives seeking shared or full funding will require to demonstrate that they truly have green credentials and are targeted at areas that may ordinarily struggle to access funding.
“Lessons learned from projects supported by the fund will, in turn, be shared with other communities to ensure others can benefit.”
6 Mar 2018
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