Businesses Seeking Investment are Invited to Find Out More from Low Carbon Innovation Fund 2.
The Low Carbon Innovation Fund (LCIF2) is seeking to make new investments of £25k and over into businesses who are developing innovative products and technologies that will make significant reductions of greenhouse gas emissions.
Launched in 2020 with a new £22 million cycle of investment the fund has already invested over £4m in companies including SKOOT, Electric Miles, Switchd and Adaptavate. The fund co-invests with like-minded private sector investors using £11 million of public funds from the European Regional Development Fund (ERDF).
If you are an SME operating in the East of England and have a focus on environmentally beneficial technologies and products, then you may be eligible to apply. These are not restricted to renewable energy or related sectors; however, they must fundamentally be more energy or resource efficient than what is currently available in the market.
Iain Dunnett, Senior Growing Places Co-ordinator for New Anglia LEP, said: “The LEP is prioritising support to developments that can demonstrate real ‘clean growth’ innovation and a strong contribution to sustainable buss development. The LCIF2 fund is a commitment by New Anglia LEP, Cambridgeshire and Peterborough Combined Authority, Hertfordshire LEP and other partners to provide investment in businesses that are innovating to achieve the objective of net zero carbon.”
LCIF2 will be hosting a series of short webinars for interested parties to meet the team, find out more about the fund and how to apply. You can also visit the website www.lcif.vc.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.