The SIF aims to find and fund ambitious, innovative projects with the potential to accelerate the transition to Net Zero. These projects should help shape the future of the gas and electricity networks and succeed commercially where possible.
Provided by: Ofgem
Ongoing
The Strategic Innovation Fund (SIF) aims to help transform gas and electricity networks for a low-carbon future. It funds projects that could speed up the transition to Net Zero at the lowest cost to the consumer as part of the RIIO-2 price controls.
After launching in 2021, we expect to invest £450 million by 2028. The fund aims to make the UK the best country for energy businesses to grow and scale.
Ofgem’s Innovation Hub partners with Innovate UK to deliver the programme.
The SIF funds projects that will speed up the transition to Net Zero.
For energy consumers, SIF projects:
For businesses, SIF projects:
SIF projects will make our energy systems more resilient and robust. This will help us achieve our Net Zero targets faster.
To receive funding, applicants must have an energy licence.
This includes:
You can also partner with a licence holder to apply for funding.
Innovation partners could include:
The current application cycles for this funding are as follows:
Provided by: Ofgem
