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.

This was published under the 2019 to 2022 Johnson Conservative government

Documents

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

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Industrial Carbon Capture Grant Funding Offer Letter (December 2022)

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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.

Updates to this page

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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