A proposed £240 million, with maximum bids to be confirmed.
A consultation document is due in summer 2021, along with the government’s new hydrogen strategy. The fund is set to open in 2021/2022.
It is initially proposed that a full range of organisations will be able to apply, including local authorities, micro-organisations, SMEs, and industry. Eligibility and criteria is still in development.
We will post further information on our ‘latest news’ section as soon as it is available.
More information will be available soon
The UK has set a target of 5GW of hydrogen production capacity by 2030, and an interim target has been set of 1GW by 2025. To assist this, a fund is being established to support blue and green hydrogen production. It will be a capital co-investment fund for new hydrogen production, expanded to replace the Low Carbon Hydrogen Production Fund.