Scotland launches £60m business fund for low-carbon innovations

By District Energy posted 01-22-2018 00:00

  

Matt Mace, Edie

The LCITP programme has already supported 16 low-carbon projects, backing them with more than £40m in collective fundingThe LCITP programme has already supported 16 low-carbon projects, backing them with more than £40m in collective funding

Summary

Businesses in Scotland can now access a £60m fund to scale projects that can help deliver the nation's low-carbon heat, energy and vehicle solutions.

An update to the Low Carbon Infrastructure Transition Programme (LCITP), which is co-funded by the European Regional Development Fund (ERDF), was launched today by Climate Change Secretary Roseanna Cunningham.

The fund enables businesses to apply for up to £100,000 to develop investment-ready business cases, or apply for financial support of up to 50% of a project’s total value for a maximum of £10m per project. The fund will specifically target projects that support the aims of Scotland’s Energy Strategy.

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#UnitedKingdom
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