Clean Energy Fund
Unlock funding for your Clean Energy Project - Invest in clean energy and decarbonisation projects to lower costs, improve efficiency and unlock new opportunities.
The £24.6m Clean Energy Fund, aims to support North Wales clean energy projects. It will empowering businesses and voluntary organisations to create a sustainable future, deliver £100m investment in the region, create 150 new jobs, and cut up to 125,000 tonnes of carbon dioxide equivalent (CO2e).
The fund comprises two separate sub-fund, targeting the private and voluntary sectors.
Lead Sponsor:
We have appointed UMi and WCVA to help shape and deliver the Clean Energy Fund.
Further details and links to apply are set out below.
Applications are invited from the following organisations for projects based in North Wales:
- Businesses or private sector organisations operating in the region
- Voluntary organisations, charities, and community-led projects
- Other organisations committed to decarbonisation and energy efficiency
- Renewable energy generation and infrastructure
- Smart energy solutions including storage
- Energy efficiency, decarbonisation and retrofit
- Manufacturing and supply chain opportunities
- Access financial support via tailored funding for a variety of projects
- Improved energy efficiency and lower costs
- Unlock new opportunities in the green economy
- Local ownership of clean energy generation
- The Voluntary sector sub-fund is worth £5m over 5 years and is for capital spend. The fund will see 50% distributed as grants of £25k – £500k, 25% as interest free loans up to a maximum of £250k, with the remaining 25% being match funding. Loans are repayable by Dec 2035.
- The Private sector sub-fund is worth £15m over 5 years and is for capital spend. Loans can range from £25,000 up to £2million, with interest rates ranging from 5% to 12% based on risk, with a 1% arrangement fee. There is a flexible payment term of up to 60 months.
- The Reserve sub-fund is worth £4.6m over 5 years and is for capital spend. This will be retained by Ambition North Wales for funding and managing decarbonisation and energy efficiency projects that fall outside the eligibility criteria of the Voluntary and Private sector sub-funds but still meet the Fund’s spending objectives.
- Returns will be reinvested back into the fund.
- For further information link to WCVA or UMi below. However, if you do have a project that fits the Reserve criteria, please email ynni@uchelgaisgogledd.cymru with your project outline.
Unlock Funding for Your Clean Energy Project - select the link relating to the private sector or voluntary sector sub-fund below:
WCVA is working in partnership with Community Energy Wales to deliver the £5m voluntary sector sub-fund of the Clean Energy Fund, supporting voluntary organisations in North Wales to lower carbon emissions and create innovation in clean energy.
UMi delivers the £15 million Private Sector Sub-Fund of the Clean Energy Fund, supporting businesses to develop and scale clean energy solutions across the region. If your organisation is looking for flexible debt finance to accelerate renewable energy, energy efficiency or decarbonisation projects, you can find out more about the fund and how to apply on our website.
Target Investment
£25m
Growth Deal£2m
Other Public Sector£73m
Private Sector£100m
Total InvestmentWhich stage has the project reached?
The planning phase of the spending proposal. Assessing the strategic context for the project and demonstrating how it provides synergy with other projects within the portfolio.
Complete
The scoping phase of the project. Making the case for change and identifying the preferred way forward.
Complete
The planning phase for the project. Identifying the options that provide value for money, confirming the affordability of the project and determining the arrangements for the successful delivery of the project.
Complete
The Outline Business Case is presented to the Economic Well-being Sub-Committee for approval. When approved the procurement phase of the project can begin.
Complete
The procurement phase of the project. Recording the findings of the procurement and confirming the management arrangements for the delivery, monitoring and evaluation of the project.
Complete
The Full Business Case is presented to the Economic Well-being Sub-Committee for approval. When approved the implementation phase of the project can begin.
Complete
The project implementation phase. The Full Business Case is used as a reference point to deliver the project and monitor progress.
The post project implementation stage. Evaluating how well the project was delivered and lessons learnt. The Full Business Case is used to determine the extent the anticipated benefits were delivered and realised.
My role:
- Manage the business and finance operations of the Corporate Joint Committee
- Responsible for the governance and assurance arrangements of the Growth Deal
- To oversee performance and risk management for all programmes, project and other activities of the Economic Well-Being Sub-Committee
- Senior Responsible Officer for the Parc Bryn Cegin project
- Senior Responsible Officer for the Clean Energy Fund project
