The Scottish Government has recently announced the launching of a new fund to support businesses and organisations to develop and commercialise Carbon Capture and Utilisation (CCU) technologies to produce valuable products from CO2.
The CO2 Utilisation Challenge Fund will be administered by Scottish Enterprise and match-funded by industry, meaning over £10 million could be invested in the initiative over its two-year lifetime.
Am I eligible?
The grant is only available to companies based in Scotland, or those to establish a presence within Scotland to carry out research and development and create jobs.
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.
Timescales
Funding is available from 11 April 2022 until 31 March 2024.
More on the programme here.
