Wednesday, 25 April 2012

Funds for SME eco-innovators


Calling all eco-innovator Interiors & Lifestyle Futures companies.

Ed Davey, the Government's Energy and Climate Change Secretary, announced details, Wednesday 25 April, of funding to help SMEs to develop their low carbon ideas.

If you don't have time to read it all here are the key bits. 
  • £35m for an Energy Entrepreneurs Fund
  • £3m for heat storage innovation
  • Online funding navigator launched 26 April
  • Application details available by summer of 2012

“Part of the way that we're going to tackle climate change and get clean energy is through innovation, particularly with SMEs,” said Ed Davey
“We’re allocating a fund of £35 million, which will help innovators and entrepreneurs develop and demonstrate low carbon technologies.  
“The first wave is going to be in energy efficiency in buildings, things like advanced lighting, heat pumps, ventilation technologies and so on.”

Details were revealed at the first of two days of international clean energy talks in London.



Helping innovators and entrepreneurs develop and demonstrate low carbon technologies  



The Energy Entrepreneurs Fund will have a budget of up to £35 million over the next three years and will provide financial support for SMEs to develop and demonstrate their ideas. SMEs will be able to apply for up to £1m funding from government. They can then use that funding to leverage additional funds from private sector investors. 

  • SMEs will also be able to get support from experts on how to bring their products to market.  
  • A panel of investors will provide advice to the Department of Energy and Climate Change (DECC) on picking the companies to support.  
  • Of the £35 million, £20 million, from DECC’s Buildings Innovation Programme, will initially support energy efficiency technologies
  • Details of the application process will be available by the summer
  •  £15 million will expand the call into power generation at a later stage. 

Competition
The DECC will also be launching a £3 million competition, in partnership with the Technology Strategy Board to assess the performance of advanced heat storage technologies suitable for integration with domestic heating systems.  

The aim of this scheme, which is part of DECC’s Buildings Innovation Programme, is to assess the viability and benefits of novel compact heat storage materials which can be installed in homes to even out peak electricity demand from low carbon heat technologies such as heat pumps.  


Energy efficiency in buildings, advanced lighting, heat pumps, ventilation technologies 

Online funding navigator
A new low carbon funding landscape navigator goes live 26 April.  www.lowcarbonfunding.org.uk

The aim is to help providers of and applicants for low carbon funding link up much more easily. It has been developed by the Energy Generation & Supply Knowledge Transfer Network with support from DECC.  

Users can search for the latest funding opportunities in the low carbon area and get help in finding the right partners to build collaborations for specific calls.  Both public or private funders can add and manage their own funding opportunities.   

A spokesman for the DECC said: “The navigator is a resource for the entire low carbon energy RD&D community, increasing transparency and knowledge sharing throughout the sector.  It will be particularly valuable to smaller technology companies who struggle to keep up to speed with the myriad of support mechanisms in the UK.”

Don't forget, if you have a low carbon idea or product that could benefit from Interiors & Lifestyle Futures' input, you can contact us at info@ilfutures.co.uk or by calling 0121 3331 7925


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