Savings by DECC on Low Carbon Technology Programmes

On 24 May 2010 the Chancellor of the Exchequer announced £6.2 billion of savings across Whitehall in order to reduce the public deficit. Of the £85 million DECC is contributing to the savings, £34 million will come from expenditure on low carbon technology.

We announced in May that £3 million would come from closing the Low Carbon Buildings Fund early. The remaining savings will come from:£6.1 million efficiency savings and under-spending on programme budgets within DECC. £4.7 million saved by cancelling the final funding rounds of the Bio-Energy Capital Grants Scheme and the Bio-Energy Infrastructure Scheme. These schemes have been responsible for nearly £60 million of public investment since 2002, and have supported around 400 individual projects. £5.3 million of grants for 2010/11 are not affected and will remain in place, closing as planned on 31 March 2011. The department will save £1 million on funding for development of Deep Geothermal energy generation, which will still receive £1 million this year. Saving £3 million by reducing the scope of the Offshore Wind Capital Grants Scheme. Early closing of the Energy Saving Trust technology trials, saving £700 thousand from the £3 million pound programme. Reducing the scope of the Central Government Low Carbon Technology Programme saving £2.9 million. The Carbon Trust will receive a £12.6 million reduction to this year’s grant for low carbon technology and business support funding from DECC.

This means that DECC will spend over £150 million on low carbon technology this year.

View the Original article