Department for Business, Energy & Industrial Strategy
UK entrepreneurs given cash boost to help drive greater clean energy independence
Energy entrepreneurs helping fuel UK's energy security have the chance to make their ideas a reality thanks to £10 million government funding.
- £10 million funding for innovative entrepreneurs to turn ideas into green technologies helping fuel the UK’s energy security
- funding supports UK’s commitment to cheap and reliable low-carbon energy, reducing reliance on expensive fossil fuels and exposure to volatile global prices
- further £7 million funding for fourteen energy efficiency and decarbonisation projects across England and Wales through the Industrial Energy Transformation Fund (IETF)
Energy entrepreneurs driving forward innovative ways of cutting the UK’s reliance on expensive fossil fuels have the chance to make their plans and ideas a reality, thanks to £10 million in government funding.
The ninth round of the Energy Entrepreneurs Fund (EEF), which seeks to promote new clean technologies across all sectors of the UK economy, is opening for applications as the government drives forward plans to secure greater clean energy independence in the UK.
This includes innovations to boost energy efficiency in people’s homes and develop green transport - as well as sourcing cleaner ways to generate power and heat in the UK.
Funding is expected to support between 15 and 20 projects across the country. Successful projects could create hundreds of green jobs and kickstart millions-of-pounds-worth of private sector investment across the UK.
Energy Minister Greg Hands recently said:
Our innovation has made the UK a green energy world leader and we are unleashing that now to help us further secure greater clean energy independence.
The Energy Entrepreneurs Fund is backing the next generation of inventors and innovators to drive forward cheap and reliable low-carbon technologies, create jobs and reduce our reliance on expensive fossil fuels.
Since 2012, the government’s Energy Entrepreneurs Fund has awarded more than £100 million worth of grants, supported 214 projects and leveraged more than £500 million in private investment – a figure that is still growing.
Previous recipients of funding include Edinburgh-based Nova Innovation who are developing a next generation solution for slashing the costs of deploying and operating tidal stream energy, while Woodrow Scientific of Hampshire received funding to develop an innovative cleaning method that aims to increase the efficiency of wind turbines.
Energy Transitions in Cardiff received funding to develop the Steel Zero system, which integrates solar energy technology within stainless steel cladding panels, so a building’s entire façade can produce clean and efficient heat and Belfast-based Senergy Innovations has been able to use funding to develop solar power technology using innovative materials, meaning panels can be manufactured and installed at a lower cost.
Unique to this ninth round of the scheme is £1 million of the £10 million funding that has been earmarked for innovative energy projects in Cornwall. This follows on from an announcement by the Prime Minister last year for innovation funding to mark Cornwall’s role in playing host to the G7 Summit.
To be eligible for this earmarked funding, at least 75% of a project’s activities must take place in the geographical boundary of the county of Cornwall.
The government recently announced £7 million in funding for 14 energy efficiency and decarbonisation projects across England and Wales in the final part of the Industrial Energy Transformation Fund’s (IETF) Phase 1 competition window. Projects will help organisations improve their energy efficiency, reduce energy bills and cut carbon emissions.
Winners include Phillips 66, who will be using funding to electrify their Humberside refinery, while Sheffield Forgemasters will fund a project to decarbonise the production of large-scale forgings and castings at its Sheffield steelworks and Rockwool will install a system to substantially reduce carbon emissions at its site in Bridgend, South Wales.
Notes for Editors
- The Energy Entrepreneurs Fund (EEF) is a programme funded through the BEIS £1 billion Net Zero Innovation Portfolio.
- the EEF supplies innovation grants for small to medium sized enterprises and start-up companies to back the development and demonstration of disruptive technologies whilst also supporting decarbonisation targets
- see the full list of previous successful projects
- see the full list of the winners from the first IETF Phase 1 competition window
Latest News from
Department for Business, Energy & Industrial Strategy
100,000 British small businesses benefit from government-backed Start Up Loans02/02/2023 11:20:00
The government’s Start Up Loans scheme has achieved another landmark milestone as the 100,000th business loan is granted.
Fresh funding to boost British exports of professional services overseas01/02/2023 15:05:00
New grants to be awarded to UK regulators and industry bodies to help them develop agreements with their international counterparts.
Corruption crackdown under new government anti money laundering laws01/02/2023 11:10:00
Overseas organisations owning UK land must have publicly declared their true owners, under world leading UK laws to crack down on dirty money.
UK Government backing helps launch world first self-driving bus01/02/2023 10:10:00
Passengers will be boarding the world’s first fully sized, self-driving bus service in Edinburgh from the Spring, after it was awarded a share of £81 million in joint UK government and industry support for self-driving transport technology.
Government cracks down on ‘fire and rehire’ practices24/01/2023 13:15:00
Government launches crackdown on controversial dismissal tactics through a planned statutory code of practice.
Business Secretary warns energy suppliers to end mistreatment of customers23/01/2023 13:05:00
The Business and Energy Secretary has recently called on suppliers to do more to protect vulnerable energy users
New Government figures shine a light on which suppliers are supporting households this winter23/01/2023 12:05:00
The government today publishes figures showing how many vouchers have been used across energy suppliers
Government to support British Industry in cutting fossil fuels with £32.5 million20/01/2023 11:15:00
Phase 2 of the Red Diesel Replacement Competition will support innovative projects in developing greener energy alternatives.