Companies and partnerships working on innovative low-carbon technologies can apply for funding from the Innovation Fund. The Innovation Fund is a financing programme from the European Commission. We expect the programme to run from 2020 until 2030. The total budget is 10 billion euros.
The budget is from the European Emissions Trading System’s income (ETS). The European Commission published further details of the scheme on 3 July 2020.
Companies and partnerships can apply with their projects. An applicant must belong to one of the sectors mentioned in the text of the call. The Innovation Fund has calls for 2 types of projects: large scale and small scale.
The Innovation Fund focuses on:
- Innovative low-carbon technologies and processes in energy-intensive industries
- Products that replace carbon-intensive products
- Carbon capture and utilisation (CCU)
- Carbon capture and storage (CCS)
- Renewable energy generation
- Energy storage
Applications for large-scale projects
The deadline for submission of applications was 3 March 2022. You can no longer apply for the scheme. Applicants will be informed about the results of the evaluation in the third quarter of 2022. The grant awards and signature of projects will take place in the fourth quarter of 2022.
With a budget of € 1.5 billion the Innovation Fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage.
The published press release can be read on europe.eu.
Applications for small-scale projects
Applications for small-scale projects are open from March 2022 to August 2022.
This second call on small-scale projects will also be a one-step application process. The expected budget for this round is around 100 million euros.
Projects with a CAPEX between 2.5 and 7.5 million euros could apply.
The EU-agency CINEA will carry out the evaluation process for both calls. External experts will help CINEA with this process.
Role of the Netherlands Enterprise Agency
If you have serious plans to apply, please contact us. We can help you with your questions, such as combining subsidies. For example, an application for the Innovation Fund and a national scheme such as SDE ++. The Netherlands Enterprise Agency has, however, no role in the preparation or the assessment of an application for the Innovation Fund.
You can contact us via email@example.com. Companies working on initiatives that contribute to a sustainable industry or large companies subject to ETS in the Netherlands have a contact person at the Netherlands Enterprise Agency. You can also contact this regular contact person. We will treat all information as confidential.