Key facts
- EY has been contracted by ministers to scrutinize Tata Steel's funding request.
- The funding request is for a green hydrogen project in India.
- The project is part of a UK-India collaboration on low-carbon initiatives.
Ministers have appointed EY to scrutinize a funding request from Tata Steel for a green hydrogen project in India. This initiative is part of a broader collaboration between the UK and India aimed at advancing low-carbon technologies and greening the industrial sector.
The funding call, announced by the British High Commission in New Delhi and Tata Steel India, offers up to £80,000 for innovative projects focused on low-carbon hydrogen solutions. The grants are intended for projects lasting 9-12 months, with a proposal submission deadline of September 8, 2023, and project start dates around November 2023. Tata Steel may consider additional funding for promising bids at its discretion.