Government initiatives help SMEs lead carbon reduction
DECC sets aside £35 million to fund ideas that develop energy efficient buildings
Report from – Jo Smit
Initiatives to help small and medium enterprises (SMEs) come up with the low carbon ideas of the future was announced today by the Department of Energy and Climate Change.
The Energy Entrepreneurs Fund will give up to £35 million to SMEs to develop and demonstrate their ideas, with the first wave going towards energy efficiency in buildings. The DECC also plans to launch a £3 million competition, in partnership with the Technology Strategy Board, to assess the performance of advanced heat storage technologies suitable for integration with domestic heating systems. To help SMEs track down the cash the government has launched an online funding navigator.
Speaking of the initiatives, energy and climate change secretary Ed Davey said: “Part of the way that we're going to tackle climate change and get clean energy is through innovation, particularly with SMEs.
“This is a practical way that we can make sure we get to the low carbon economy.”