Energy Entrepreneurs Fund Enters Fourth Phase
11 December 2014
The fourth phase of the Energy Entrepreneurs Fund scheme has now opened to applications with an additional £5 million now available for projects up to 31 March 2016.
Up to £2.5 million of this will be prioritised for projects focused on technologies associated with Carbon Capture and Storage (CCS). For all those who take part in the application process, they will be expected to demonstrate a robust evidence-based case for funding, that will include but not be limited to:
• the potential impact of the innovation on 2020 and/or 2050 low carbon targets or security of supply;
• the technical viability of their innovation and coherent development plan that will commercially progress the innovation;
• value for money, including any cost reduction potential
• The size and nature of the business opportunity.
Depending on State Aid requirements, companies are able to apply for up to £1 million per proposal to help develop and demonstrate innovative technologies and processes whilst receiving advice from experts on how to bring their products to market.
The Funds will primarily be used towards developing energy efficiency solutions for buildings, including advanced lighting, heat pumps and ventilation technologies. Cleantech ideas around power generation will also benefit.
Expressions of Interest are required by 5pm on 19 December 2014 and the deadline for full applications is noon on 26 January 2015.