New £60 million Scottish energy fund opens for low-carbon cash bids

A new £60 million fund for innovative low-carbon Scottish energy projects is now open for application.

Projects which deliver low carbon heating solutions, integrated energy systems, and ultra-low emission vehicle charging infrastructure will be able to apply for up to £100,000 to develop investment-ready business cases

Financial support of up to 50% of the total capital value of a project – up to a maximum of £10 million per project – is available for capital–ready projects from the Low Carbon Infrastructure Transition Programme, which is co-funded by the European Regional Development Fund.

Scottish Environment Minister Roseanna Cunningham, will officially launch the fund at an event today at Scotland House in London, which will be attended by business leaders, climate experts and environmental campaigners.

The LCITP programme has already offered over £40 million of funding to 16 low carbon demonstrator projects supporting low carbon energy generation and supported the co-development of over 30 proof of concept and development proposals.

Projects must be based in Scotland and be able to be fully operational by September 2021.

Cunningham said: “A low carbon economy presents a valuable economic opportunity and we are determined to attract, retain and develop the low carbon innovators who will shape our future.”

22 Jan 2018

 

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