CO2 utilisation offers economic opportunity for Scotland, creating value in CO2, reducing emissions, enabling the circular use of resources, and more sustainable manufacturing practices.
This challenge supports companies to carry out research and development (R&D) to develop technology that will lead to new commercial uses for CO2 and create jobs as part of the journey to a low carbon economy. The funding will support projects at the appropriate level of technology readiness to develop and test technology in CO2 utilisation projects.
Suitable projects may use chemical, biological reactions or mineralisation to transform CO2 into a product or component with commercial value. Projects that focus on products and processes with low carbon intensity will be prioritised.
The challenge will support projects to develop and test products and to enable infrastructure developments at emissions sources for use in your project. However, projects with a strong focus on carbon capture technology are out of scope, as are projects which do not involve CO2 transformation – using CO2 as a solvent or working fluid.
The challenge grants are contributory covering up to 50% of incurred eligible costs following submission of evidence of the successful applicant’s expenditure and are expected to be in the region of £150,000 – £500,000.
The level of funding will depend on a number of factors. This includes company size and the activity being supported.
Funding is available from 11 April 2022 until 31 March 2024, and all eligible project costs should be incurred during this period.
The grant is only available to companies based in Scotland, or those with the goal of establishing a presence within Scotland to carry out research and development into CO2 technology.
To secure an R&D grant, companies will be legally obligated to create and/or safeguard jobs throughout the project and maintain these positions for a period of up to 24 months after the project is completed.
The timescale for applications can vary depending on a number of factors, including if the project is ready to proceed, and appraisal of the expressions of interest and subsequent R&D grant applications. On average, initial offers of support are usually made within 4 to 6 weeks after you submit your detailed grant application.
Funding is available from 11 April 2022 to 31 March 2024.
To know more, or to express your interest, please submit your enquiry here, then an advisor will be in touch with you soon.
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