Ofgem Strategic Innovation Fund (SIF) Cycle 2

The Strategic Innovation Fund (SIF) aims to help transform gas and electricity networks for a low-carbon future. It funds projects that could speed up the transition to Net Zero at the lowest cost to the consumer as part of the RIIO 2 price controls. 

For energy consumers, SIF projects: 

• reduce costs and increase value for money 

• create innovative products and services 

• provide energy security 

For businesses, SIF projects: 

• finance growth and scalability 

• help with collaboration 

• encourage more investment 

 Eligibility: 

To be eligible for funding, your project must: 

• address Ofgem’s innovation challenges 

• clearly identify the potential benefit to consumers 

• involve network innovation 

• help create competitive markets 

• be innovative, new or risky 

• have a range of stakeholders involved 

• provide value for money and be costed competitively 

• be well-planned and achievable 

• have an energy licence 

Please Note: 

This opportunity will go live on 27 January 2025.