The total budget allocation for the Scheme over the period 2012-2015 is £1.65 million (£550K in each of the financial years 2012/13, 2013/14 and 2014/15).
Aim of Grant Funding
The aim of this funding is to encourage businesses to install equipment that will result in water or material efficiencies beyond regulatory requirements through provision of a capital grant of up to £49,999. For reasons of financial control grants will only be available to those businesses Invest NI currently supports and monitors – and businesses considering an application will be expected to have discussed potential projects with their Client Executive before an application is submitted.
Invest NI plans to assist projects that in total will generate water and materials savings of more than £880k per annum in each of the 3 years of the scheme.
Examples of projects that will be considered include:
- Equipment to recover value from waste and effluent streams
- Equipment to recover materials that would otherwise be vented to the atmosphere or discharged to land or waterways
- Equipment that improves the efficiency of raw material consumption through improved processing or equipment that enables re-use of waste materials in-house