GBP 10 Million Boost for UK Energy Efficiency Innovation

UK entrepreneurs are set to benefit from a share of £10 million to help bring innovative energy efficient products to market, Minister of Energy and Climate Change, Greg Barker announced.

Small and medium size enterprises within the energy efficiency, building technologies, power generation and energy storage sectors are invited to bid for funding of up to £2 million under the Government’s Energy Entrepreneurs Fund.

Support will be given to state of the art technologies that could bring down the cost of energy bills and reduce carbon emissions. In addition to funding, the winning companies will also receive advice from commercial experts on how to attract investment to bring their products to the market.

“This investment will give SMEs a vital boost to drive forward the development of a range of innovative low carbon designs, helping cut costs and bringing new technologies to market in this sector," said UK Energy and Climate Change Minister, Greg Barker

“Innovation is vital for the move towards a low carbon economy and an essential part of our long term economic plan. I look forward to seeing our great entrepreneurs rising to the challenge,” he concluded.

This is the third phase of the Energy Entrepreneurs Fund. In the first phase, which was launched in September 2012, 31 companies were awarded grants of a total value of £16 million. The second phase, launched in June 2013, resulted in 20 companies receiving grant offers totalling £9 million.

Picture small UK industrial units © Copyright Robin Stott and licensed for reuse under this Creative Commons Licence.

Wednesday 29th January 2014

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