Funding for Innovative Solutions in the Low Carbon Industry
Prior to hosting the International Conference on Clean Energy in London this week Energy and Climate Change Secretary, Edward Davey, said that innovation in developing green technology should be a key drive in tackling climate change as well as improving energy efficiency.
Mr Davey said: “Part of the way that we’re going to tackle climate change and get clean energy is through innovation, particularly with small and medium entrepreneurs.
“We’re allocating a fund of £35 million which will help innovators and entrepreneurs develop and demonstrate low carbon technologies.”
He commented: “The first wave is going to be in energy efficiency in buildings, things like advanced lighting, heat pumps, ventilation technologies and so on. This is a practical way that we can make sure we get to the low carbon economy.”
Small and medium businesses will be able to benefit from the financial support of £35 million over the next three years by demonstrating their ideas and improving energy efficiency in the UK. Firms can apply for up to £1 million funding from the government which is expected to help them secure additional investment from the private sector.
In addition to the announced funding opportunities for the renewable sector, a new dedicated low carbon funding navigator will go live tomorrow. The website will help users and a wide range of businesses to search for the latest funding opportunities in the low-carbon industry. It will help industry professionals to find the right partners and build collaborative ventures.
The Department of Energy and Climate Change expects that by creating the new service and placing valuable information at users’ fingertips it will help smaller businesses to reduce wasted time and missed opportunities.
What do you think about the £35 million energy fund that will provide innovative support for small and medium businesses? How could you or your business benefit from this investment? Share your thoughts by leaving a comment below:
Posted on April 26, 2012, in Climate Change, Electrical News, Energy Efficiency, Government, Green Deal, Politics, Renewable Energy, t4ts, train4tradeskills, Train4TradeSkills News and tagged £35 million fund, Davey, Department of Energy and Climate Change, Edward Davey, Efficient energy use, Energy and Climate Change Secretary, energy efficiency, Funding opportunities, green technology, innovators, International Conference on Clean Energy, London, Low-carbon economy, low-carbon technologies, small and medium entrepreneurs, Sustainable energy, t4ts news, tackling climate change, train 4 trade skills news, train4tradeskills. Bookmark the permalink. Leave a comment.