Edward McMillan-Scott MEP and Rebecca Taylor MEP
Liberal Democrat MEPs for Yorkshire & the Humber
DON VALLEY PROJECT IN SIGHT OF EU FUNDING WINDFALL
Yorkshire Liberal Democrat MEPs Edward McMillan-Scott and Rebecca Taylor have welcomed the news from the European Commission that a South Yorkshire project, the Don Valley Power Project in Stainforth, is currently leading the EUs funding contest for carbon capture and storage (CCS) projects.
The Don Valley CCS project is rated as a top project of its kind and is therefore in line of a windfall of hundreds of millions in EU funding as the UK aims to meet its C02 emissions reduction targets. It is estimated that the total funding pot is between €1.3 – €1.5 billion.
The Don Valley Power Project has already been awarded EU funding under the European Energy Programme for recovery for a maximum contribution of €180 million.
Mr McMillan-Scott MEP commented:
“This funding, if it is successfully achieved, will be a great boost for the Don Valley project. It shows that EU funds give real added value to key initiatives in the region. My campaign to ‘Champion the North’ will ensure that over the coming period the Yorkshire and Humber region gets its fair share of EU funds.”
Ms Taylor MEP commented:
“This investment into our region is key to securing jobs and prosperity. Liberal Democrats in the European Parliament, led by my colleague Chris Davies MEP were instrumental in securing the funding stream for these CCS projects. It is therefore good news to see that our region will hopefully reap the financial rewards.”
Notes to editors:
- Details of the project can be found here: http://www.2coenergy.com/don_valley_power_project.html
- Report from the European Commission detailing the funding and moving towards a low carbon economy: http://ec.europa.eu/clima/news/docs/2012071201_swd_ner300.pdf