Launch of Urban Community Energy Fund
The Government has launched the £10 million Urban Community Energy Fund for England.
Incorporated community groups (registered companies, charitable incorporated organisations, registered societies and parish and town councils) can apply for grants of up to £20,000 and contingent loans of up to £130,000 for proposed renewable energy projects in urban areas that have the support of the local community. (Urban areas are defined as settlements with more than 10,000 people which do not lie within a predominantly rural local authority area.)
Grants of up to £20,000 are available for the more speculative, early stages of a project’s development, such as public consultation and preliminary viability studies.
Loans of up to £130,000 are available to develop planning applications and a robust business case to attract further investment. The loans are meant to help projects become ‘investment ready’, that is, at the right stage to secure a bank loan or another form of investment.
For further details, visit the DECC website.