Decarbonising business is one of the biggest opportunities for New Zealand to reduce its energy-related emissions and help meet climate targets.
The Government Investment in Decarbonising Industry (GIDI) Fund was expanded in May 2022, as part of the government’s Climate Emergency Response Fund (CERF). The programme will see around $650M of capital grants co-investment made available to support valuable decarbonisation projects.
The funding aims to help New Zealand secure its long-term energy future, meet its first emissions budget (2022-2025) and achieve longer-term climate targets through decarbonisation projects.
- A continued focus on process heat (similar to previous GIDI): Including high impact decarbonisation projects of national significance.
Targeted investment at a regional level for projects that optimise low emission fuel use.
Funding for electricity transmission and distribution infrastructure upgrades to support fuel-switching, and the early adoption of high decarbonisation energy technologies.
- Help for businesses to buy and install low emission, high efficiency electrical equipment used for industrial and commercial processes, including specifically electric motors and electric heat pumps.
- Help for commercial buildings replacing fossil fuel use for space and water heating, to lower emissions and increase energy efficiency.
NZD $650 million available.
- Total project costs must be at least $300,000
- Government co-funding for any project will be limited to a maximum of 50% of eligible project costs
To be eligible, you must:
- NZ based businesses
- Applications for funding must be for the incremental capitalised project costs, not operating costs.
- Projects must be fully commissioned and operational by 31 December 2027
Finding a suitable grant opportunity is just the start of the process of getting funding. Let us help you! The application for each grant is different and the process can take time and effort. Contact us to walk you through everything from, processes, eligibility criteria and the grants, funding and financial assistance available at the moment.