Community Information – Enhancing the Communities in which We Operate
The Greenshoots Fund is an innovative pioneering project developed by FMC Technologies which aims to deliver real benefits to communities.
The project is funded by FMC Technologies and our customers. We are committed to minimizing the impact we have on the environment and, more specifically, the carbon emissions resulting from the manufacture, sale and distribution of our core product – large installations known as subsea trees placed below sea level − used in the extraction of oil and gas.
Who will Benefit from the Fund?
The fund is available to non-profit organisations which need funding for projects that deliver carbon reductions and local economic benefits. Examples of potential projects include local community energy schemes or housing upgrades to create more energy efficient buildings.
Preference will be given to projects in the areas where we are based − Fife, Aberdeen and Glasgow. However consideration will be given to other projects across Scotland if they have a strong business case.
If you think your organisation or project would benefit from funding, and would like to apply, you will need to write a supporting business case, demonstrating the financial proposal, anticipated carbon reduction and other environmental or local economic benefits.
Funding packages of varying amounts are available and we are keen to kick-start projects of all sizes. There is no restriction on the duration of a project, but those able to deliver positive carbon benefits within three to five years will be given preference.
How will the Funding Decision be made?
Funding decisions will be made by the Greenshoots Fund’s independent steering group. The steering group includes representatives from our customers and FMC Technologies, along with experts in the fields of sustainability and finance.
They will all be involved in reviewing applications to the fund, selecting the best projects to be funded and overseeing the performance of projects.
The group will need quarterly reports throughout the course of the project, with particular reference to carbon savings.
A local charity partner helps the steering group identify projects and manage the distribution of funds. This expertise from the non-profit sector will give the steering group valuable experience to assist in funding decisions.
You can make an application for funding at any time and decisions are taken quarterly by the steering group. Full details on the application process are available on the Greenshoots Fund website.
You may be invited to present your proposal to the steering group in person and attend future meetings to give an update on the progress of your project if your application is successful.