Environmental Transformation Fund
Funds of up to £400 million were earmarked for the period 2008/09 to 2010/11 for the Environmental Transformation Fund (ETF). The ETF aimed to encourage the development of low-carbon energy and energy efficiency technologies in the UK, speeding up their commercial use and reducing overall demand. This Fund is now closed and monies are no longer available to be allocated. A separate, but related ‘Environmental Transformation Fund - International Window’ has been superseded by the International Climate Fund. More information is available on the Climate Funds Update: International Climate Fund web page.
The national ETF has supported:
Additional Funding via Low Carbon Investment Funding (LCIF)
Budget 2009 announced additional funding of up to £405 million for the two years 2009/10 and 2010/11 for the low carbon sector - described as low carbon investment funding. This Fund is now closed and monies are no longer available to be allocated. DECC’s Single Key LCIF has complemented the aims of the ETF in supporting low carbon technologies which help achieve energy and climate change objectives. It has also targeted priority low carbon industries which will enable UK business to compete globally, particularly where we have an advantage due to our natural resources, strong tradition or skills base.
The LCIF has supported:
- Biogas Project
- Building Research Establishment Retrofit project
- Carbon Abatement Technologies Demonstration Programme
- Carbon Trust Venture Capital
- Carbon Capture and Storage Demonstration Delivery
- Central Government Low-Carbon Technology Programme
- DECC-Technology Strategy Board Fuel Cells and Hydrogen Demonstration Programme
- Deep Geothermal Challenge Fund
- Low Carbon Buildings Programme
- Low Carbon Communities Challenge
- Marine Renewables Proving Fund
- Pay As You Save Pilots
- Renewable Construction Demonstration Programme
- Smart Grids Initiative
- UK Innovation Investment Fund