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.
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.
LCIF2 is operated by the University of East Anglia (UEA), supported by Norfolk County Council and managed by Turquoise International, the UK merchant bank specialising in energy, environment and efficiency.
It is further supported by three Local Enterprise Partnerships: New Anglia LEP, Cambridgeshire and Peterborough Combined Authority, Hertfordshire LEP.
It is funded by the European Regional Development Fund, an investment programme part financed by the European Union. LCIF2 is part of the UK government’s portfolio of business support products.