UK funding for clean technology

Clean technology innovators could benefit from a £1.75m UK government fund to expand their businesses.

The funds are an expansion of the Carbon Trust’s business incubation scheme, which is aimed at growing a new generation of UK companies specialising in the development of environmentally friendly technology.

Recent research from the Department for Business, Innovation and Skills shows that business leaders expect clean technology to be the UK's highest growth sector in the coming years. The Carbon Trust believes that additional funding will play a crucial role in making this happen.

The approximately 90 companies incubated by the Carbon Trust scheme so far have raised around £86m in private funding.

The Carbon Trust is currently looking for 25 new joiners to the scheme over the coming year with up to £70,000 of support on offer to each.

The funds will cover strategic and business development consultancy, advice on corporate finance, management team recruitment and mentoring, product development, market research and engagement and guidance on intellectual-property protection.