Funds announced for energy

Energy Secretary Ed Davey

Energy Secretary Ed Davey

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Entrepreneurs on Fylde’s “energy coast” with innovative ideas in energy efficiency, storage and low carbon generation can apply for a share of £19m of Government funding.

The cash comes from the second phase of the Energy Entrepreneurs Fund.

The Fund has already allocated £16m since autumn 2012 to help bring a range of new and innovative low carbon products to market.

The previous phase funded projects including energy storage, heat storage, tidal turbine testing, a thermally-insulating window and an ‘Eco power shower’.

Energy Secretary Edward 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.”

The scheme particularly aims to assist small and medium sized enterprises, including start-ups.

Those companies selected will receive additional funding for incubation support.

There will be calls for projects every four to six months from June 2013, until funding has been allocated.

Applicants must demonstrate a robust evidence-based case for funding.

The cash will support projects up to a maximum value of £1m for work completed by March 31, 2015.

The deadline for the first call for applications within this second phase is July 12.

Applicants will need to register their contact details by July 5 at: www.surveymonkey.com/s/EnergyEntrepreneurs

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