News

The Low Carbon Innovation Fund (LCIF) is a European Regional Development Fund (ERDF) supported venture capital fund. It is seeded with £8m from the ERDF and matched with private sector investment and will run until December 2015.The fund will make early-stage equity investments into small and medium sized enterprises ("SMEs") within the East of England that are developing new and innovative products or processes in a low carbon, environmentally sensitive manner. The definition of low carbon companies also includes companies producing low carbon products, supplying low carbon services or companies seeking to invest in low carbon equipment or processes to become low carbon in their operational activities. This could include those developing alternative energy sources or reducing existing carbon emissions amongst others. The fund enhances the regional aspiration to become a leading, world class low carbon economy. It builds on the ‘Low Carbon Economic Growth' theme set out by the East of England Development Agency (EEDA) aiming to achieve economic growth built upon the region's low carbon expertise. Further information at https://www.lowcarbonfund.co.uk/LCIF/