Chamber News
Just Transition Fund: Moray boosted by over £2m cash injection
12 October 2022 • Sarah Medcraf
The Just Transition Fund will support businesses, communities and individuals in the North East and Moray to transition to net zero, creating jobs in low carbon industries and contributing to the region’s future prosperity.
The fund objectives are to:
- ensure that the investment is targeted in such a way that can create good, green jobs now and throughout the transition to net zero
- ensure communities directly benefit from the Fund, including through the ability to decide on and drive spend
- work in partnership with the private sector, especially shaping opportunities to crowd in private sector finance
- collaborate at a local and national level on the decisions that impact the North East and Moray
Moray's slice of the £500 million Just Transition Fund is part of the first round of cash distributed A total of £2,712,775 is going to groups in the Moray area.
Moray Just Transition Masterplan | Moray Council | Five interlinked projects to support Moray’s journey away from fossil fuels, including projects to support offshore renewables, creation of a local hydrogen economy, natural capital approach to offsetting, and redeveloping derelict land and premises. | £881,000 |
NESS Energy Carbon Capture Feasibility | Aberdeen City, Aberdeenshire and Moray Councils | Study to determine if there is a viable project to retrofit carbon capture systems to the NESS energy facility. | £100,000 |
Net Zero Bottlenecks in Moray | UHI Moray | Feasibility study to identify the current skill gaps in Moray and what is holding it back in transitioning to net zero | £210,000 |
Findhorn EcoVillage | Park Ecovillage Trust and Findhorn Innovation Research & Education | Four feasibility studies looking at shifting from conventional housing to net zero housing and transportation within the context of the ecovillage and beyond. | £226,775 |
Findhorn Watershed Riverwoods Pilot | Findhorn Nairn & Lossie Rivers Trust | Creating a thriving, regenerated River Findhorn watershed, with an unbroken network of riparian woodland along its riverbanks, supporting the restoration of Wild Atlantic Salmon populations. | £970,000 |
The Cabrach Distillery | Cabrach Trust | Development of distillery, a Community Interest Company for the Cabrach region that would use its revenues for rural regeneration and community led regeneration master plan. | £325,000 |
Sustainable Solvent Recovery for EV battery recycling | Ripcell | Pilot to test technology using pot ale (whisky waste product) to deploy a “green solvent” to be used in recycling batteries. | £626,734 |
Richard Lochhead MSP said: "This is a momentous announcement and commitment to this region. "These funds will support some essential projects and support decarbonising our economy. Just transition requires the creation of high quality green jobs and reduces inequality in our society. These projects are essential to achieving net zero by 2045. Over £2 million has gone to Moray from this round of funding, but the area will also benefit from over £50 million going to the north east overall."
Read the full list of Moray projects receiving funding from the Just Transition Fund
NOW OPEN for APPLICATIONS!
The funds, managed by tsiMORAY and supported by Money for Moray, will be allocated through a participatory budgeting (PB) process. This means projects will be put to a public vote where Moray citizens will decide which projects, they believe, will offer the greatest contribution towards a carbon neutral Moray.
All applicants are strongly encouraged to contact us through: just-transition@tsimoray.org.uk or JustTransitionM4M@gmail.com to discuss their project before applying.
For more information click here