Energy Minister, Stephen Timms today invited bids for £19 million of Coal Investment Aid (CIA) funding to help secure a future for the UK coal industry.
Mr Timms announced the opening of a second phase for the receipt of applications for CIA while speaking at the UK Coal Conference in the Cavendish Conference Centre, London.
“Coal continues to make a major contribution to national energy needs, supplying around a third of the country’s electricity demand – half of this is generated from UK produced coal and so the importance of continuing investment in UK mines is self-evident,” said Timms.
“I am sure this second round of funding will prove as effective as the last in both encouraging mine operators to invest in maintaining access to reserves and in helping prevent premature mine closures.
CIA, which was launched on 16 June 2003, is designed to provide up to 30% of total costs of investment projects which will maintain access to reserves which would otherwise be sterilised. The second CIA application period will close on 01 June 2004.