CARES deadline extended to 10th September
Groups looking to get a share of the £5 million funding pot for locally owned renewable energy projects are encouraged to get in touch with a local Development Officer who will be able to guide them through the process.
As well as supporting organisations to develop their own energy ideas, this funding can be used to support the replication of projects which have worked well. One example is the CARES funded project at Comrie Croft, which combines solar power with energy storage and electric vehicle charging. A new step by step guide for organisations looking to replicate this project and benefit from cheaper, greener electricity as well as increased electric vehicle charging. Projects like this can currently receive a subsidy for the electricity generated through the UK Government’s Feed-in Tariff. This incentive closes to new applications in March 2019 and projects funded at the next CARES panel have the best chance of being up and running before the deadline – so, now is a good time to progress a solar project.
CARES has three funding streams to help communities, not for profit groups and rural businesses realise their local energy ambitions:
- Enablement Grants of up to £25K to help progress energy systems projects, renewable energy projects, investigation of shared ownership or maximising the impact of community benefit
- Development Loans of up to £150K to fund development costs, taking projects from feasibility through to procurement for a design and build contract
- Innovation Grants of up to £150K to accelerate new innovative activity and encourage replication of previous projects
The closing date for applications to this funding round is 10th September 2018. Details of the next funding rounds are available here.
How do I apply?
28 August 2018