Low Carbon Manufacturing Challenge Fund (LCMCF)
Summary of aims and desired outcomes of Policy:
The LCMCF is a new capital fund of £26 million, over five years, and was announced in the Programme for Government (PfG) 2020-21.
Whilst the main aim of the fund is to support manufacturing businesses to seize the opportunities from the Scottish Government's legal duty to achieve net zero emissions by:
- supporting innovation in low carbon technology, processes and infrastructure and encourage adoption;
- encouraging collaboration and high project standards;
- better enabling firms to enter low carbon markets and/or their existing supply chains.
the opportunities that the fund presents will be exploited to tackle the inequalities and social inequalities faced by people with protected characteristics in workplaces and society, and which have been exacerbated by the coronavirus pandemic.
Author of the EqIA Results: Advanced Manufacturing team, Manufacturing and Industries Division, Directorate for Economic Development, Scottish Government.
Date of publication: 22/09/2022
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