Acorn carbon-capture funding terms change

Climate · First reported 1 Nov, 11:14 · Updated 12:04

Image: Wikimedia Commons · NASA Johnson Space Center · Public domain

The UK Government says it wants the Acorn carbon-capture project to succeed, but future support is set to take the form of loans or an equity stake rather than grants. The project had been due to receive £200 million in grant funding; the government says some of that has already been drawn down and remains in place.

Acorn, in Aberdeenshire, was due to receive £200 million in UK Government grant funding.
The government says funding already drawn down remains in place; further support will instead be offered through loans or equity.
Energy minister Martin McCluskey said the government wants the project to succeed and expects developers to bring forward proposals.