First companies chosen for Scotland's HGV Market Readiness Fund

More than £1 million from the HGV Market Readiness Fund has been awarded to HGV operators, manufacturers, financiers and charge point operators in Scotland to work together to identify investment in HGV decarbonisation.

This is through the Consortium Builder strand of the fund, which closed in August.

The SME Fleet Analysis Support funding strand, meanwhile, is still open until 9 December 2025. This fund helps Scotland's smaller HGV fleets to access expertise and knowledge to understand their decarbonisation pathways.

Cabinet Secretary for Transport Fiona Hyslop said: “I am pleased to award more than £1 million to eight different consortia to support their collaborative decarbonisation efforts – and to do so during Scotland’s Innovation Week and just ahead of Climate Week.

“These groups will work to develop business cases for investment into HGV decarbonisation in Scotland and will expand their membership to support operators of all sizes to access support to decarbonise their fleets.

“The SME Fleet Analysis support funding strand remains open and I strongly encourage applicants to come forward to benefit from both financial support and industry expertise to fully explore their options to decarbonise their fleets.”

Philip Valarino, UK Director of Neot, one of the successful bidders, said: “We are delighted to be selected by Transport Scotland under the HGV Consortium Builder scheme. This success marks an important step in our mission to accelerate the transition to zero-emission HGV fleets and supporting infrastructure.

“We look forward to working with our e-Motion consortium partners to build strong business cases, unlock investment and deliver meaningful progress for Scotland’s transport decarbonisation.”

Michael Shaw, Co-Founder and CEO of Aegis Energy, which was also successful, said: “We are excited to launch the Telford Consortium with the clear aim of building an investment-ready business case that can supercharge HGV route electrification in Scotland and deliver both public-access and depot-based charging at the lowest taxpayer cost.

“Transport Scotland is making it possible to crack the chicken and egg dilemma facing HGV electrification by integrating HGV fleet demand with infrastructure development simultaneously. It's through collaborative initiatives like the Telford Consortium that we can help address the key barriers to HGV fleet electrification, namely cost and lack of charging sites.

“By investing in projects that enable infrastructure to be built and electric vehicles to be accessible to fleets at a reasonable price, Transport Scotland is accelerating decarbonisation and allowing Scottish fleets to compete as market leaders in low-carbon logistics.”