UK fund offers firms £4m for innovative clean energy projects
The Clean Growth Innovation Fund, launched by Innovate UK – a subsidy of UK Research and Innovation – and French utility provider ENGIE, is seeking innovative companies to apply for funding to cover project costs.
The innovative projects should contribute to decarbonization, digitalisation and decentralised energy, supporting the UK’s transition towards a low carbon future and the successful projects will be offered a share of £4milion.
Competition applicants must be a UK-based small or medium-sized business and are able to team up with other firms.
The eligible cost implications of each project must be between £100,000 and £1.2 million although the fund may consider choosing to support projects for their entire lifetimes.
The projects must start no later than March 2021 and must be finished by June 2023.
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.”
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