Scottish Government launch £30m fund to support development of low-carbon heating solutions.

Scottish Government launch £30m fund to support development of low-carbon heating solutions.

The Scottish Government has announced an exciting new fund for the development of technology that will help reduce the carbon emissions from homes in Scotland. The funding is part of the Low Carbon Infrastructure Transition Programme (LCITP) supported by the European Regional Development Fund.

Funding will be available to a wide range of business on a co-funded basis encouraging a shared risk approach to development. The fund is part of a wider programme backed by the Scottish Government, Scottish Enterprise, and Highlands and Islands Enterprise.

The financial support, which is available to small and large businesses, as well as academic instructions, represents a funding contribution of up to £10 million per project, where the contribution represents up to a maximum of 50% of total costs.

Projects will be considered against the criteria such as CO2 reduction, energy supplied, energy demand reduction, economic benefits and jobs created.

Martyn Reed, Elmhurst’s Managing Director, welcomes the announcement that will be good for business in Scotland and good for the environment, commenting: "If we are to achieve “net zero” carbon emissions by 2050 then we need to be investing in the technology now. It is unlikely that consumers will respond to a significant degradation in their quality of life so that means we will need to achieve todays levels of performance using new technology”

For more detail about the support available visit here 

Article published 23rd September