Sector: Low carbon manufacturing
Programme name: Low Carbon Manufacturing Challenge Fund (LCMCF)
Programme description: New Challenge Fund that will support Scottish manufacturers' scope to innovate and drive the decarbonisation of manufacturing businesses.
Estimated total investment: £26 million.
How is programme being funded: Capital Funded.
Programme delivery timetable: 2022-23 to 2025-26.
Latest programme progress: Small amount of capital from 2021-22 has been used to fund a CivTech 6.0 Challenge to develop a tool to help manufacturers' baseline carbon emissions. Working with Scottish Enterprise to design and deliver the wider LCMCF, which will be a research and development fund to help businesses introduce circularity into their products, decrease waste and reduce lifetime carbon emissions. We will be launching the fund in spring 2022 with funding available for the next four years.
Contribution to economic development: The LCMCF will support development of new business models. These will potentially lead to new products that will drive low carbon transition in the Scottish manufacturing sector, drive collaborative development across supply chains of new manufacturing processes and technologies, develop options to enhance capacity in growth sectors and exploit opportunities in support of the transition to a circular, net zero carbon economy.
Contact for public enquiries: email: firstname.lastname@example.org
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