£60 Million Fund Open for Carbon Projects

30 Jan 2018

 

A £60 million fund to keep Scotland at the forefront of low carbon innovation is now open for applications.

 

The Low Carbon Infrastructure Transition Programme (LCITP) will fund large scale projects which support the ambitions of the Scottish Government’s new Scotland’s Energy Strategy, which was published in December 2017.

 

LCITP is a working partnership between the SNP Government, Highlands and Islands Enterprise (HIE) - of which Arran and Cumbrae are part - Scottish Enterprise, Scottish Futures Trust and sector specialists. It is co-funded by the European Regional Development Fund. 

 

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

 

Audrey MacIver, Director of Energy and Low Carbon, HIE, said: 

 

“HIE very much welcomes this. The Low Carbon Innovation Fund presents real and significant opportunities for our people, businesses and communities. It offers further opportunity to build upon the innovative projects already being developed in the Highlands and Islands, all demonstrating the potential of low carbon, sustainable energy systems.”

 

Commenting, Kenneth Gibson MSP said:

 

“The SNP Government is committed to the transition to a more prosperous, low carbon and circular economy which presents a valuable economic opportunity. 

 

“I am pleased we are making such a significant sum available to exploring how we can realise the environmental and economic potential of low carbon infrastructure solutions. Through this fund, we are determined to attract, retain and develop the low carbon innovators who will shape our future.

 

“I therefore encourage any interested business or organisation to apply for support under the scheme as it presents real and significant opportunities for the people, business and communities of Cunninghame North to explore innovative local solutions to some of our most challenging national issues.”

 

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. The deadline for development stage applications is 30 April 2018. Further information is at:

 

http://www.gov.scot/Topics/BusinessIndustry/Energy/Action/lowcarbon/LCITP/LCIFI 

 

ENDS
 

Please reload