Tees Valley Industrial Programme Energy Efficiency Capital Grants
The Tees Valley Industrial Programme (TVIP) has been set up by the Department for Business, Innovation and Skills (BIS) and One North East to support the economy of the Tees Valley over the next 2 years to March 2012. It will help through a package of industrial support, enterprise and innovation.
The programme has three key objectives:
1. Address immediate issues by providing further support to sustain apprenticeships and encourage enterprise, including support for people to start their own business.
2. Support the area's process industry asset base by accelerating private investment, measures to reduce energy use and initiatives on carbon capture and storage, develop bio-based materials, support for technology transfer and new business practices.
3. Diversify the Tees Valley economy through the development of significant business opportunities for investment and transition into new low carbon industries and advanced manufacturing. This includes investment in redevelopment of industrial land and infrastructure investment.
The Tees Valley Industrial Programme is aimed at supporting key companies in the five local authority areas of Darlington, Hartlepool, Middlesbrough, Redcar and Cleveland and Stockton-on-Tees. The Energy Efficiency Capital Grant is available to significant energy users in these local authority areas.
In addition companies who have a significant impact on the Tees Valley economy – for example, as a key member of the Tees Valley process industry supply chain, or as a major employer of Tees Valley residents – may also be eligible for support.
Energy Efficiency Capital Grants
The Energy Efficiency Capital Grant is one of the schemes available through the Tees Valley Industrial Programme. The grants will enable industry to implement technology and energy management solutions leading to reduced energy consumption and carbon intensity, cost savings and improved resilience to energy price volatility.
Grants will be particularly relevant to larger process industry related businesses that will be impacted by drivers such as the EU Emission Trading Scheme Phase 3 which comes into effect in 2013.
The grants will help to support the acceleration of capital investment projects identified by industry but have typically not proceeded due to not meeting required industry payback times.
Grant applicants should be able to demonstrate:
- A significant reduction in energy use – ‘significant’ can be measured as a percentage of overall energy use or in absolute terms. This should result in a significant cost saving to the applicant company.
- Potential to contribute to the value of the regional energy efficiency and low carbon supply chain – the applicant should provide an indication of what potential positive impact delivery of the project could bring to the energy efficiency and low carbon goods and services sector in the region.
- Acceleration of the development of low carbon, energy efficient technologies and processes – the applicant should evidence how delivery of the project will advance the development and deployment of new technologies and or processes.
Companies will be required to evidence how the grants will:
- enable capital projects to proceed that would not otherwise gain company approval for investment
- accelerate projects that would proceed less quickly without the grant
- create or safeguard jobs
- enhance productivity/GVA
- result in cost saving
- result in significant energy reduction
- result in significant CO2 savings
If you would like more information on how to apply for an Energy Efficiency Capital Grant please email energygrant@onenortheast.co.uk
