Round 5 of the Ofgem Energy Redress Scheme opens for applications on Monday 19 August, with £10 million available to charities in England, Scotland and Wales for energy related projects.
The Energy Redress Scheme is managed and delivered by Energy Saving Trust, with the priority for funding being the support of individual energy consumers in vulnerable situations, with a small percentage of the fund available to support innovative products and services that will help existing or future energy consumers.
The scheme is officially named the Energy Industry Voluntary Redress Scheme and collects voluntary payments from energy companies to make reparations for effects on energy consumers.
Round 5 of the scheme has three separate funds:
1. The Main Fund of £7.5 million: aimed at projects seeking grants between £50,000 and £2 million to help energy consumers in vulnerable situations.
2. The Small Grants Fund of £1 million: aimed at projects seeking grants of between £20,000 and £49,999 to help energy consumers in vulnerable situations, and
3. The Innovation Fund of £1.5 million: aimed at projects seeking grants between £50,000 to £750,000 that support the development of innovative products or services to provide benefits to energy consumers.
Source: UK Fundraising