The Energy Entrepreneurs Fund will have a budget of up to £35 million over the next 3 years and will provide financial support for SMEs to develop and demonstrate their ideas. They will be able to apply for up to £1m funding from government, and can then use that funding to leverage additional funds from private sector investors.
Of the £35 million, £20 million, from DECC’s Buildings Innovation Programme, will initially support energy efficiency technologies, for example advanced lighting, heat pumps, ventilation technologies. Details of the application process will be available by the summer.
For further information please go to the DECC website here.