UK Government launches £11m energy entrepreneurs fund

UK Government launches £11m energy entrepreneurs fund

The UK Government has launched a £11m fund for energy entrepreneurs to turn their ideas into real products and services whilst eliminating carbon emissions.

The Energy Entrepreneurs Fund (EEF), which seeks to drive forward new clean technologies across all sectors of UK industry, forms part of UK efforts to eliminate its contribution to climate change by 2050.

The programme is funded through the Department for Business, Energy and Industrial Strategy's £1bn Net Zero Innovation Portfolio.
This includes innovations that boost energy efficiency in people’s homes, reduce carbon emissions and develop green transport as well as sourcing cleaner and greener ways to generate power and heat.

The funding will be shared between 15 and 20 projects, with each successful bidder receiving up to £1m.

Previous recipients of funding include CCm Technologies in Swindon that is working with Walkers Crisps to implement carbon capture innovations in its factory processes.

Also successful was Leeds-based C-Capture, which has developed processes to capture harmful greenhouse gases, including an innovative deployment of its technology at the Drax power station in North Yorkshire.

Energy Minister Anne-Marie Trevelyan (pictured) said: "The UK is famous for its strong entrepreneurial spirit.

"We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint.

"The Energy Entrepreneurs Fund is backing the UK’s next generation of inventors and innovators to turn their ideas into reality, with previous successful projects already helping drive down emissions across the country and creating green jobs as we work to build back greener."

Since 2012, EEF has awarded £72m worth of grants, supported 156 projects and leveraged more than £500m in private investment – a figure that is still growing.

Source: renews.biz


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