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Net Zero Innovation Portfolio

The Net Zero Innovation Portfolio (NZIP) stands as a beacon of progress, offering vital funding for low carbon technologies and systems. With a commitment to ending the UK’s contribution to climate change, NZIP emerges as a £1 billion fund, a crucial component of the Ten Point Plan for a Green Industrial Revolution. This visionary initiative is dedicated to accelerating the commercialisation of low-carbon technologies, systems, and business models in critical sectors such as power, buildings, and industry.

Objectives:
  • Decrease the costs of decarbonisation.
  • Propel the UK towards a low carbon future.
  • Foster the creation of world-leading industries and green jobs.
  • Invest in regions across the nation.
  • Establish the UK as a science and innovation superpower.
Focused on 10 Priority Areas:
  1. Future offshore wind
  2. Nuclear advanced modular reactors (supported through the aligned Advanced Nuclear Fund)
  3. Energy storage and flexibility
  4. Bioenergy
  5. Hydrogen
  6. Homes
  7. Direct air capture and greenhouse gas removal (GGR)
  8. Advanced carbon capture, usage and storage (CCUS)
  9. Industrial fuel switching
  10. Disruptive technologies
Eligibility Criteria for NZIP:

To be eligible for the NZIP, businesses must meet specific criteria:

  • Be tax compliant with a valid Tax Clearance Certificate.
  • Carry on a Case I trade or Case II profession (including charities and approved sporting bodies).
  • Register with BEIS or Department for Energy Security and Net Zero.
  • Present a clear business problem or idea requiring external expertise and resources.
  • Showcase the potential to increase sales, employment, or exports.
  • Be compliant with the European Union State Aid Temporary Crisis Framework and Transition.
Grant Details:

The value of the grant is determined by the project’s type, size, location, and the level of employment created or maintained. NZIP covers up to 70% of eligible costs for studies and up to 50% of eligible costs for deployment projects. The maximum grant amount per project is £14 million for studies and £40 million for deployment projects.

How to Apply for NZIP:

Businesses looking to pioneer a sustainable tomorrow through NZIP need to provide the following documents:

  • Tax Clearance Certificate
  • Completed application form and declaration
  • Project plan and budget
  • Quotations for capital expenditure items

Embark on a transformative journey with the Net Zero Innovation Portfolio and contribute to the realisation of a sustainable and resilient future.

Note: All information is subject to the specific guidelines and requirements outlined by NZIP and the Department for Energy Security and Net Zero.

For more information see: https://www.gov.uk/government/collections/net-zero-innovation-portfolio

 

Grant applications are a key specialty of Celtic Dynamics. We actively research and apply for grants on behalf of your company, ensuring you can access available financial assistance to optimise the overall cost of your energy projects.

How to Proceed:

Ready to secure funding for your energy-saving projects? Book a call with Celtic Dynamics to discuss the details further and receive a customised quotation. Our Energy Grant Applications service is designed to enhance your chances of success in securing grants for your energy initiatives.

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