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.
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.