Scottish Industrial Energy Transformation Fund opens.
A new £34 million fund has been launched to help manufacturing industries reduce energy costs and emissions.
The Scottish Industrial Energy Transformation Fund (SIETF) is open to industries where energy usage makes up a significant part of production costs.
Scottish businesses can apply for match funded grants of more than £125 000 to invest in energy efficiency and low-carbon technologies.
Scotland’s Energy Minister Paul Wheelhouse said:
“Our industrial and commercial sector have a vital role to play in helping meet Scotland’s world leading climate change targets, including our strategy target for a 75% reduction in emissions by 2030, and improving industrial energy efficiency will be a significant part of that.
“The SIETF will support Scottish manufacturing industries transition to a low carbon future, not only helping businesses cut emissions but also reducing their energy costs. The support can be used to invest in a wide range of technologies, including systems to recover and re-use heat from an industrial process and technology to reduce the amount of energy used within a manufacturing production line.
“The fund will prioritise the most energy-intensive industrial sectors in Scotland – cement, ceramics, chemicals, food and drink including whisky and spirit distilleries, glass, iron and steel, paper and pulp, and oil and gas refining – to overcome the challenges associated with investing in energy efficiency or decarbonisation measures.”
Food and Drink Federation Scotland Policy and Industry Liaison Manager Cat Hay said:
“Food and Drink Federation Scotland welcomes the launch of the Scottish Industrial Energy Transformation Fund as a crucial step towards stimulating investment in low carbon solutions for industry.
“This fund will provide an opportunity for forward-looking food and drink manufacturers to co-invest alongside Scottish Government to improve energy efficiency and contribute positively to reducing emissions.”