Clean Energy Fund gets the green light

With support from UMi, North Wales is set to build on its strength as a leader in low-carbon energy, with a £24.6 million Clean Energy Fund.

With recent approval of its full business case, this North Wales Growth Deal project will offer funding to private and voluntary sector schemes, supporting a range of technologies and activities, including:

• renewable energy generation
• energy efficiency and retrofit projects
• smart energy systems
• clean energy manufacturing

The fund, part of the North Wales Growth Deal’s Low Carbon Energy programme, will launch in mid-July, and primarily offer capital debt funding to private sector projects with grant/debt capital funding available to voluntary sector projects which focus on clean energy. There will also be the flexibility to consider investments in other sectors and via other funding mechanisms where projects clearly align to the objectives of the fund.

It is expected that the fund will generate £100 million in regional investment, create over 150 new jobs, reduce carbon dioxide equivalent by up to 125,000 tonnes and support local ownership.

UMi (in partnership with Optimum Elite and Auditel), along with the Wales Council for Voluntary Action (working with Community Energy Wales and Mantell Gwynedd), were appointed in late 2024 to help shape and deliver the fund.

Together, UMi and our partners will combine commercial expertise alongside an in-depth understanding of the voluntary sector, which will ensure effective design and delivery of the fund.

Find out more, here: https://ambitionnorth.wales/news/powering-the-future-clean-energy-fund-gets-ambition-north-wales-green-light/