DECC launches �16m fund for low carbon innovation
Low carbon innovation is today being given a big injection of cash with the launch of a £16million fund for entrepreneurs to develop new ideas.
The first phase of the Entrepreneurs Fund, part of a £35million fund announced earlier this year, is now open to applications. There is up to £10million available to support energy efficiency technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies. There is also up to £6million available for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
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.
A second phase of this scheme, building on the first phase, will be launched in early 2013 with the remaining £19million available.
For more information and to apply click here