The latest round of the Energy Entrepreneurs Fund offers energy entrepreneurs the chance to benefit from a share of £11 million government funding to turn their ideas into real products and services whilst eliminating carbon emissions. This includes innovations that boost energy efficiency in people’s homes, reduce carbon emissions and develop green transport as well as sourcing cleaner and greener ways to generate power and heat.
Budding entrepreneurs are urged to bid for the latest funding, which will support between 15 and 20 projects. Each successful bidder will receive up to £1 million.
Successful projects could create hundreds of green jobs and kickstart millions-of-pounds-worth of private sector investment across the UK.
Vouchers are available to businesses from the Office for Low Emission Vehicles to provide support towards the up-front costs of the purchase and installation of electric vehicle charge-points.
The Low Carbon Innovation Fund (LCIF) provides equity finance for small and medium sized enterprises (SMEs) in the East of England that are contributing to the low carbon economy.
LCIF co-invests alongside private sector investors such as founders, angel investors and/or other funds to provide finance to early and growth stage businesses that make measurable reductions to Greenhouse Gas emissions, with the creation of financial return and sustainability as the fund’s primary objective.
Green innovators urged to bid for funding
£92 million government investment will enable green innovators to drive forward the next generation of technologies that will help the UK transition to clean, green energy and tackle climate change.
As part of the Net Zero Innovation Portfolio, the government has launched 3 new innovation challenges across key areas of the green energy sector including energy storage technology, floating offshore wind and biomass production.
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