Policy paper

Design of the Carbon Capture and Storage (CCS) Infrastructure Fund

Details of the design of the CCS Infrastructure Fund (CIF) and how it will be used.

From:
Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
Published
7 May 2021
Last updated
16 December 2022 — See all updates

Documents

The Carbon Capture and Storage Infrastructure Fund: an update on its design (May 2021)

PDF, 262 KB, 17 pages

The Carbon Capture and Storage Infrastructure Fund: an update on its design (May 2021) (accessible webpage)

HTML

CCUS Grant Funding Agreement for Industrial Carbon Capture Indicative Heads of Terms (November 2021)

PDF, 244 KB, 13 pages

CIF Industrial Carbon Capture Grant Funding Agreement: terms and conditions (December 2022)

PDF, 447 KB, 51 pages

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Industrial Carbon Capture Grant Funding Offer Letter (December 2022)

PDF, 364 KB, 14 pages

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Details

The government has committed to deploy carbon capture, usage and storage (CCUS) in 4 industrial clusters, aiming to capture 10MtCO₂ a year by 2030.

The CCS Infrastructure Fund, announced in 2020, will support capital expenditure on transport and storage (T&S) networks and industrial carbon capture (ICC) projects.

May 2021

The design update document provides:

  • the rationale behind the formation of the fund
  • how it will be used
  • how it complements the proposed government support package for CCUS

November 2021

Added: CCUS Grant Funding Agreement for Industrial Carbon Capture: Indicative Heads of Terms

December 2022

Added the CIF Grant Funding Agreement for Industrial Carbon Capture (ICC) and Waste ICC projects.

These should be read alongside the December 2022 publications of the ICC Business Model Update, the ICC Contract, the Waste ICC Contract, and the government response to the consultation on the ICC business model.

Published 7 May 2021
Last updated 16 December 2022 + show all updates

  1. Added the CIF Grant Funding Agreement for Industrial Carbon Capture (ICC) and Waste ICC projects.

  2. CCUS Grant Funding Agreement for Industrial Carbon Capture: Indicative Heads of Terms added.

  3. First published.

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