News: UK - Funding for new and innovative products or processes
The Low Carbon Innovation Fund (LCIF) is making early-stage equity investments into small and medium sized enterprises within the East of England that are developing new and innovative products or processes in a low carbon, environmentally sensitive way.
Monday, 29th November 2010
The definition of low carbon companies also includes companies producing low carbon products, supplying low carbon services or companies seeking to invest in low carbon equipment or processes to become low carbon in their operational activities. This could include those developing alternative energy sources or reducing existing carbon emissions amongst others. LCIF is a European Regional Development Fund (ERDF) supported venture capital fund. It is seeded with £8m from the ERDF and matched with private sector investment and will run until December 2015. The fund enhances the regional aspiration to become a leading, world class low carbon economy. It builds on the ‘Low Carbon Economic Growth’ theme set out by the East of England Development Agency (EEDA) aiming to achieve economic growth built upon the region’s low carbon expertise. Turquoise International is managing the fund in partnership with the Low Carbon Innovation Centre (LCIC) at the University of East Anglia (UEA).