BEIS launches new £9m Energy Entrepreneurs Fund

The Department for Business, Energy and Industrial Strategy (BEIS) has launched the fifth round of its Energy Entrepreneurs Fund, which will offer £9m in capitals grants to to support the development of innovative technologies in the areas of energy efficiency, power generation, and heat and energy storage.

The scheme seeks the best ideas, irrespective of source, in these areas from the public and private sector. However, the scheme particularly aims to assist small and medium sized enterprises, including start-ups. Those companies that are selected will receive additional funding for incubation support.

Previously, the Energy Entrepreneurs Fund was launched over four phases – the first in August 2012, the second in June 2013 and the third in January 2014 and the last in November 2014. The fund has awarded grants to a value of c. £38.3m to 86 innovative low carbon projects across a wide range of technologies.

 

The latest round will be split into two phases. The first –  Phase 5a – will have up to £4 million available. Expressions of interest are required by 5pm on 25th November 2016 and the deadline for applications is noon on 9th December 2016. The second – Phase 5b – will have up to £5 million available. Expressions of interest are required by 5pm on 20th January 2017 and the deadline for applications is noon on 3rd February 2017.

For more information, click here: Energy Entrepreneurs Fund, phase 5.

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