Accelerated delivery of large scale low carbon infrastructure projects in Scotland .
The Low Carbon Infrastructure Transition Programme (LCITP) today announced the launch of funding support aimed at the delivery of large scale transformational low carbon infrastructure projects based in Scotland.
The available funding will provide financial support of up to £20 million per project where this represents no more than 50% of the total capital value of the project. Programmes of smaller scale aggregated projects that can demonstrate a transformational impact on the way that Scotland generates and uses energy are also welcome to apply.
By making this funding available, LCITP aims to stimulate commercial interest and investment and maximise Scotland’s vast potential in the low carbon sector. The successful projects will be innovative in design incorporating one or more low carbon technologies and have the ability to demonstrate tangible economic, social and low carbon benefits for Scotland. They will also showcase commercially viable technologies and encourage wider uptake and replication in communities across Scotland.
Applicants are invited to submit an expression of interest at:
Cabinet Secretary for Economy, Keith Brown said:
“The Scottish Government is committed to growing Scotland’s low carbon economy, creating jobs and delivering on climate change ambitions.
“All communities across Scotland can benefit from these opportunities.
“The estimated market value of sales in Scotland’s low carbon and renewable sector in 2013/14 was £5.6 billion, with around 8,000 businesses employing 21,500 people.
“This fund is another example of the benefits of Scotland remaining in the EU and the single market as The Low Carbon Infrastructure Transition Programme (LCITP) is supported by the 2014 – 2020 European Regional Development Fund (ERDF).”
The LCITP is a working partnership between the Scottish Government, Scottish Enterprise, Highlands & Islands Enterprise, Scottish Futures Trust and sector specialists. This partnership is supported by the new 2014 – 2020 European Regional Development Fund (ERDF) programme and has a total of £76 million to invest in low carbon infrastructure projects of which £33 million is provided through ERDF. Scottish Government has committed European funds to projects up until the end of 2018.
Under the terms of the European Regional Development Fund approval for LCITP, financial support for projects will be considered on a repayable basis in the first instance.
The nature of the financial support available to demonstrator projects may take the form of a loan or other form of repayable assistance and will be discussed with successful projects.
For demonstrator projects the requirement is that the project is commercially viable but unable to attract private investment as the technology is not yet used in Scotland on a large scale basis.