Overview

• Scottish ministers including Finance Secretary Shona Robison had sought clarity on the funding timetable and amount before the Treasury confirmed the £200 million allocation.
• Energy Secretary Ed Miliband said the move demonstrates the government is ‘putting its money where its mouth is’ on carbon capture projects.
• Storegga chief executive Tim Stedman described the development funding as a milestone towards a final investment decision and critical for scaling the UK’s CCS network.
• The scheme is expected to support around 15,000 jobs at its peak and plans to repurpose 175 miles of existing gas pipelines plus build 35 miles of new links.
• The Acorn initiative joins the planned Viking CCS project in the Humber as part of the UK’s drive to reach net zero by 2050 following a £22 billion investment pledge in October 2024.