Budding tycoons can bid to win a slice of a £19million UK Government fund to develop green energy schemes.
The money is the second phase of the Energy Entrepreneurs Fund, which aims to encourage businesses with ideas and products for energy efficiency, storage and low carbon generation.
The fund has already allocated £16million since last autumn. The previous phase funded projects for energy storage, heat storage, tidal turbine testing, a thermally-insulating window and an “eco power shower”.
On a visit today to previous winners Yorkshire Water, near Bradford, Energy Secretary Ed Davey said: “We’re on the side of innovative businesses and individuals with drive, passion, ideas and entrepreneurial spirit.
“This funding will get ideas off the ground and into the market, create new green jobs, and help the UK get ahead in the innovation global race.
“An ambitious and driven small business sector can steer the economic recovery in the right direction. So I want to see Britain’s brightest and best SMEs sending in their applications.”
The scheme seeks the best ideas from the public and private sector, and particularly aims to assist small and medium sized enterprises, including start-ups.
The government is due to call for projects every four to six months from June 2013, until the full funding has been allocated.
