£16 million fund for low carbon schemes
Published: Tuesday 28th August 2012
Low carbon innovation is now launched by the Department of Energy and Climate Change, with a £16 million fund for entrepreneurs to develop new ideas.
The first phase of the Entrepreneurs Fund, part of a £35m fund announced earlier this year, is now open to applications. There is up to £10 million accessible to support energy efficiency technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies. Up to £6millions is also available for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
According to the Department of Energy and Climate Change, the aim of this funding is to speed up the development of low carbon technologies towards commercialisation, helping cut carbon in the UK , supporting jobs and creating export opportunities.
The money is aimed at, but not limited to, SMEs, as well as individual innovators and entrepreneurs. A second phase of this scheme is expected to be launched in early 2013 with the remaining £19m available.
To find out more and download the application form, please go to the Department of Energy and Climate Change website.