A new round of the Energy Entrepreneurs Fund (EEF) is now open for applications. Energy entrepreneurs can apply for a share of £11 million to support the development of technologies, products and processes in the areas of energy efficiency, power generation and storage.
What is available?
Funding is available for between 15 and 20 projects, with each successful bidder receiving up to £1 million. In particular, the grant funding scheme aims to assist start-ups and SMEs. Successful applicants will also receive Acceleration Support.
What is the EEF?
The EEF is part of the BEIS £1 billion Net Zero Innovation Portfolio. It has launched seven phases since it begun in 2012 and allocated a total of £72 million. Previous innovations include tech to anchor floating offshore wind turbines and the use of ash waste in glassmaking.
The competition presents an excellent opportunity for businesses throughout the whole of the UK. Secretary of State for Wales, Simon Hart, said:
“The chance to share in this funding is fantastic news for promising Welsh energy entrepreneurs. The UK government is committed to achieving net zero carbon by 2050. We will do so by investing in pioneering projects, people and businesses, creating green jobs and opportunities for people across Wales.”
You can find more information on the Energy Entrepreneurs Fund here. Please note that you must register your interest by 26th February and then submit your application by 30th March. If you’d like to discuss a potential project with one of our advisers, contact us today.
You may also be interested in the Industrial Energy Transformation Fund, which aims to help businesses with high energy use to cut their bills and emissions through investment in energy efficiency and low-carbon technologies. A new round will open on 8th March. Businesses can apply for a share of £40 million for feasibility and engineering studies, as well as deployment projects.
