Net Zero Transition Fund

Support provided by Invest Fife

What does this involve?

The Net Zero Transition Fund is a non-repayable grant of up to £3,000 for businesses in Fife. It can be used for anything that will help them move toward operating with net zero carbon emissions. This includes:

  • improvements to building fabric and equipment
    • heating, ventilation and air conditioning upgrades
    • renewable heat technologies, such as installing an air source heat pump or biomass boiler  
    • improving insulation, draught-proofing, double or secondary glazing 
    • installing LED lighting, solar panels, wind turbines or wood-burning stoves
  • waste minimisation, recovery and reprocessing
    • projects that will reduce waste production
    • the installation of equipment to assist with recovery and reprocessing of waste
    • projects that enable the reuse of resources that would otherwise be wasted (circular economy)
  • creation of green jobs using the Internal Labour Organisation (ILO) definition of ‘green jobs’, external link which will open in a new window

Applications are made at the discretion of a Business Gateway adviser or Economic Development team member.

This fund will close to new applications on 28 February 2023 or when the budget is fully allocated (whichever is earlier). Due to high volumes of enquiries, this fund may close at any time and it may take longer than usual to speak to an adviser.

Am I eligible?

Yes, if you are a small to medium-sized enterprise (SME) located in Fife.

Priority will be given to businesses in the following sectors:

  • energy industries
  • financial and business services
  • food and drink
  • manufacturing and engineering
  • tourism

Self-catering properties (including AirBnBs) are not eligible.

Only premises that are solely for business use are eligible. Premises with combined business and residential use (for example, a house with a home office or workshop from which the business is based) are not eligible.

Businesses whose main base is outside of Fife can use the grant to improve premises they have in Fife or create green jobs in Fife. Businesses whose main base is in Fife cannot use the grant to improve premises or create jobs outside of Fife. 

What does this cost?

It is free to apply for this fund.

Who is this for?

Small to medium-sized enterprises in Fife.

How long does this take?

This fund opened for applications on 1 July 2022 and will close to new applications on 28 February 2023, or when the budget is fully allocated (whichever is earlier). Due to high volumes of enquiries, this fund may close at any time and it may take longer than usual to speak to an adviser.

All projects must be completed by 31 March 2023.

Important information

You will need to submit a bank statement dated within the past 3 months as part of your application. This should be from a dedicated business bank account - however, personal accounts will be accepted if the bank statement shows clear evidence of business transactions.

The grant will be paid once your application is approved - you will not need to spend upfront and then reclaim for the fund. However, you should keep evidence of your expenditure as this may be requested.

A business can only receive one grant through the Net Zero Transition Fund.

Next steps

Please submit an enquiry and an adviser will be in touch to discuss your needs.

Support provided by Invest Fife

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