Supporting innovation in SMEs to unlock opportunities of the climate change emergency
Academic institutions, public bodies and third-sector organisations in Scotland can receive competitive grant funding to support initiatives that will help small and medium-sized enterprises (SMEs) in Scotland to unlock global opportunities of the climate emergency and in doing so contribute toward Scotland’s target of reaching net-zero emissions by 2045.
Up to £6 million of European Regional Development Fund (ERDF) grant funding is currently available. Grant funding will be awarded on a competitive basis. Its aim is to support the creation of a national network of regionally-based initiatives, to stimulate and improve innovation in SMEs.
One key element of the fund will be for initiatives to support SMEs in preparing for new market opportunities which are emerging as a result of the global climate emergency and in the drive towards net-zero emissions. Some examples of these opportunity areas include but are not limited to:
- Low carbon transport
- Low carbon heat
- Water technology
- Energy efficiency
- Offshore renewables
- Local energy systems
- Carbon capture usage and storage
The overall aim of the LCCF is for projects to be of a scale and level of ambition to enable SMEs to unlock the opportunities of the climate emergency and contribute toward achieving Scotland’s net-zero target, leading to long-term transformational change.
Find out more here