Direction to distribute funding for the Strategic Innovation Fund
Decision
Publication date
Company
Industry sector
- Transmission Network
- Distribution Network
The Strategic Innovation Fund (SIF) is a funding mechanism for the Electricity System Operator, Electricity Transmission, Gas Transmission and Gas Distribution sectors.
The SIF aims to find and fund ambitious, innovative projects with the potential to accelerate the transition to net zero. These projects should help shape the future of the gas and electricity networks and succeed commercially where possible.
Following publication of our SIF Funding Decision on 1 March 2022, we are now directing the distribution of SIF Funding by National Grid Electricity System Operator and National Grid Gas Transmission.
We are directing the distribution of funds to gas and electricity network companies for the 40 round 1 Discovery Phase Projects that we decided to award funding to, and to cover UKRI’s costs operating the SIF in 2021/22 and 2022/23.