Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, how much funding his Department allocated to the Carbon Capture Storage and Utilisation Infrastructure Fund in each year since 2020; and how much funding was allocated to each project through that fund.
The 2021 Spending Review confirmed the following allocation for the Carbon Capture Usage and Storage (CCUS) Infrastructure Fund (£ bn current prices).
FY20/21 | FY21/22 | FY22/23 | FY23/24 | FY24/25 |
0.0 | 0.0 | 0.0 | 0.3 | 0.4 |
The £1 billion CIF allocation at SR21 is spread over a longer period than as announced at Spending Review 2020 reflecting information received from project developers in the CCUS clusters. The Government has committed up to £40m of the CIF to support early-stage design work in industrial clusters via the Industrial Decarbonisation Challenge (IDC) Fund. The majority of CIF will be allocated through the ongoing Cluster Sequencing process. The Hynet and East Coast Clusters have been confirmed as track 1 clusters for the mid-2020s and will be taken forward into Track-1 negotiations for support through the relevant business models, including CIF.