Scotland launches new low-carbon infrastructure fund
The devolved government in Scotland is today launching a £60m fund to attract low-carbon innovation and investment in the country.
The Low Carbon Infrastructure Transition Programme (LCITP) is designed to support large-scale projects which help Scotland meet the aims of its recent Energy Strategy.
The document, released last month, states that 50% of Scotland’s energy should come from renewable sources by 2030. Tied to this is a plan to increase the productivity of energy use by 30%, which means a much greater increase in energy efficiency measures.
According to a statement, developers will be able to apply for up to £100,000 to help projects deliver “low-carbon heating solutions, integrated energy systems, and ultra-low emission vehicle charging infrastructure”. These have to be based in Scotland and operational by 2021.
Roseanna Cunningham, Scotland’s Environment and Climate Change Minister, commented ahead of the official launch: “We have, first and foremost, a moral obligation to fight climate change. But for a nation with Scotland’s resources and skills, the transition to a more prosperous, low carbon and circular economy also presents a valuable economic opportunity. We are determined to attract, retain and develop the low carbon innovators who will shape our future.
She concluded: “I am delighted to confirm that we are now accepting applications from innovative local energy projects to the Low Carbon Infrastructure Transition Programme.”
Transport Minister Humza Yousaf also added: “The Scottish Government is committed to the introduction of a cleaner, greener transport network and ultra-low emission vehicle infrastructure is central to that. I am pleased we are making such a significant sum available to encourage innovative local solutions to some of our most challenging national issues”.
The new money adds to an existing £20m Energy Investment Fund, aimed at supporting renewable energy and low-carbon technologies.
Image Credit: Scottish Government