Scottish government launches low carbon demonstration fund

The Low Carbon Infrastructure Transition Programme has announced the launch of funding support aimed at the delivery of large scale transformational low carbon infrastructure projects based in Scotland.

The funding available will provide financial support of up to £20 million for each project where the contribution represents less than 50% of the capital value of the project. Programmes of smaller scale can demonstrate a transformational impact on the way that Scotland generates and uses energy are also encouraged to apply for funding.

The funding is intended to stimulate commercial interest and investment and support a low carbon future in Scotland.

Cabinet Secretary for Economy, Keith Brown said:

“The Scottish Government is committed to growing Scotland’s low carbon economy, creating jobs and delivering on climate change ambitions. All communities across Scotland can benefit from these opportunities.” “The estimated market value of sales in Scotland’s low carbon and renewable sector in 2013/14 was £5.6 billion, with around 8,000 businesses employing 21,500 people. This fund is another example of the benefits of Scotland remaining in the EU and the single market as The Low Carbon Infrastructure Transition Programme (LCITP) is supported by the 2014 – 2020 European Regional Development Fund (ERDF).”