This fund closed for applications on Monday 8 July 2024
Ofgem’s Energy Redress Scheme offers four funding streams, providing grants ranging from £20,000 to £1.5 million. Funded by voluntary payments from companies that may have breached Ofgem rules, the scheme has been managed by the Energy Saving Trust for five years. The scheme prioritises support for vulnerable energy consumers, the development of innovative products or services, and the empowerment of consumers to reduce their carbon emissions.
There are four funding schemes available, and registered charities, community benefit societies, and community interest companies can apply for funding under all of them.
The funding streams available are:
- The Main Fund, containing £13.25 million – aimed at projects seeking grants between £50,000 and £2 million that will support households in vulnerable situations.
- The Small Project Fund, containing £750,000 – aimed at projects seeking grants between £20,000 and £49,999 that will support households in vulnerable situations.
- The Innovation Fund, containing £3 million – aimed at projects that will develop innovative products or services to benefit households. Applicants can apply for grants between £20,000 and £1 million.
- The Carbon Emissions Reduction Fund, containing £3 million – aimed at projects that will reduce UK carbon emissions and empower households to reduce their carbon footprint. Applicants can apply for grants between £20,000 and £1 million.
Organisations interested in applying for funding must first register with the scheme, so that the Energy Redress team can check their organisation status, internal governance arrangements and financial health. Organisations that pass the due diligence process will be notified when funding rounds open and given access to the Energy Redress Dashboard to apply for funding. Organisations only need to register once with the scheme.
Click here for more information and to register to apply.