A £60 MILLION fund to keep Scotland at the forefront of low-carbon innovation is now open for business. The Low Carbon Infrastructure Transition Programme (LCITP), co-funded by the European Regional Development Fund (ERDF), will fund large-scale projects which support the ambitions of Scotland’s Energy Strategy, published in December.
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, or financial support of up to 50 per cent of the total capital value of a project up to a maximum of £10 million per project for capital-ready projects.
Climate Change Secretary Roseanna Cunningham will officially launch the fund at an event at Scotland House in London this evening, which will be attended by business leaders, climate experts and environmental campaigners.
She said: “We have, first and foremost, a moral obligation to fight climate change, but for a nation with Scotland’s resources and skills, the transition to a more prosperous, low-carbon and circular economy also presents a valuable economic opportunity. We are determined to attract, retain and develop the low-carbon innovators who will shape our future.”
Transport Minister Humza Yousaf added: “The Scottish Government is committed to the introduction of a cleaner, greener transport network and ultra-low emission vehicle infrastructure is central to that. I am pleased we are making such a significant sum available to encourage innovative local solutions to some of our most challenging national issues.
“I would encourage any interested business or organisation to apply for support under the scheme, and explore how we can work together.”
Welcoming the news that the fund is up and running, WWF Scotland acting director Dr Sam Gardner said: “It will be hugely exciting to see what new technology and low carbon solutions will be developed in Scotland thanks to this new fund. Innovation in heating, transport and electricity will help us cut emissions, create new jobs and build new industry. I know there will be challenges in implementing the transition to a low-carbon economy but we should grasp the opportunity to build solutions for the rest of the world to adopt.”
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