Low Carbon Manufacturing Challenge Fund: business regulatory impact assessment
This business and regulatory impact assessment (BRIA) for the Low Carbon Manufacturing Challenge Fund considers the impacts of the Fund on businesses in Scotland.
Summary and recommendation
This document is the Partial Business Regulatory Impact Assessment (BRIA), and provides an initial assessment of the impact which the introduction of the LCMCF will have on the Scottish manufacturing sector.
The LCMCF will provide essential capital funding that Scottish manufacturing businesses need in order to be able to compete in a domestic and global low carbon manufacturing circular economy. Further potential impacts will be identified via a 12 week public consultation on the Partial BRIA, including consultation with businesses, business organisations and trade unions.
Summary costs and benefits table
Scottish Government is investing £26 million in the LCMCF. Businesses who apply for funding will be expected to also provide a contribution to project costs in addition to the Scottish Government investment. The LCMCF doesn't provide 100% of funding towards eligible project costs. The level of grant support will be determined dependent upon project activity, the size of your company and the location of the project.
Declaration and publication
Date: 20/09/2022
Minister's name: Ivan McKee
Minister's title: Minister for Business, Trade, Tourism and Enterprise
Scottish Government Contact point: Advanced Manufacturing Team, Scottish Government midamp@gov.scot
Contact
Email: midamp@gov.scot
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