Deadline: 31-Mar-24
The Scottish Enterprise is now accepting applications for its CO2 Utilisation Challenge to support Research and Development (R&D) to assist companies in developing technology that will lead to new commercial uses for CO2, and the creation of jobs, as part of the journey to a low carbon economy.
CO2 utilisation offers economic opportunity for Scotland. It reduces emissions, enables the circular use of resources, as well as sustainable manufacturing practices. If you’re developing technology that will commercialise CO2, apply to this challenge for funding support.
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, for example.
Funding Information
- 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. Larger grants may be available for exceptional projects.
Eligibility Criteria
- 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 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.
For more information, visit https://www.scottish-enterprise.com/support-for-businesses/funding-and-grants/business-grants/co2-utilisation-challenge