Innovative projects that can help decarbonise, digitise and decentralise energy and support the UK’s transition towards a low carbon economy are being offered a share of £4 million.
The Clean Growth Innovation Fund, launched by Innovate UK – part of UK Research and Innovation – and French utility company ENGIE, is seeking businesses to apply for funding to cover project costs.
Applicants leading a project must be a UK-based small or medium-sized business and can team up with other organisations.
Total eligible project costs must be between £100,000 and £1.2 million although the competition may consider funding one project over the life of the programme of £1.5 million.
They must start no later than March 2021 and be completed by June 2023.
To meet the grant and investment criteria, proposals must include one or more of the following:
- A new technology or business model which develops distributed energy, green gas, e-mobility, energy efficiency, renewables, digitisation, energy services, sustainable development or system decarbonisation
- A technology-enabled innovation which encourages positive consumer behaviour and business actions at scale to improve energy use
- A new scientific and technological improvement in the energy, sustainability and cleantech space
The first round of the competition closes on 14th August 2019.
Nicola Lovett, CEO of ENGIE UK Ireland, said: “We are delighted to be working with both Innovate UK and ENGIE’s Paris-based New Ventures team to directly assist innovative UK companies in the clean growth sector – in areas such as renewables, energy services and e-mobility. This initiative also supports our own ambition to be a leader in making zero carbon transition possible for businesses and local authorities.”
Article source: https://www.energylivenews.com/2019/07/07/businesses-offered-4m-for-innovative-clean-energy-projects/
