Renewable Energy Investment Fund

The Renewable Energy Investment Fund (REIF) provides financial assistance for projects that will:

• Deliver energy from a renewable source, reduce the cost of renewable energy or provide key solutions for renewable energy generation
• Provide benefit to the economy of Scotland
• Have a demonstrable funding gap for REIF to consider
• Be at a sufficient stage of development to require REIF funding before March 2017

In the marine sector, priority will be given to projects which involve:
• Deployment and operation of arrays, as a step towards commercialisation for devices that have already been demonstrated at full-scale prototype stage
• Demonstration of innovative technologies that will decrease costs and remove risks associated with the installation, operation and maintenance of marine energy devices in arrays

Geographical Coverage: National
Contact information: 
0845 607 8787
Budget: 
Priority will be given to projects which require investment levels above £400,000 (the upper limit of the existing District Heating Loan Scheme)
Sector of Activity: Ocean renewable energyResearch & innovation