Now the Carbon Trust is doubling the size of grants available under its Applied Research scheme. Growing from £250k to £500k, the grants aim to boost low carbon businesses, entrepreneurs and academics seeking to develop carbon saving technologies.
The government funded grants support the development of innovative technologies which have the potential to reduce UK carbon emissions. The decision to increase the maximum grant size will enable the development of more ambitious projects with the potential for bigger carbon savings.
Robert Trezona, head of R&D at the Carbon Trust said:
“If we are to meet our renewable energy targets, reduce carbon emissions and ensure that the UK has access to secure and cost effective energy it is vital to turn low carbon technologies into commercial reality.”
Since 2001, the Carbon Trust’s Applied Research scheme has invested £18.5m in 145 projects that have demonstrated potential to develop into commercial technologies that could reduce UK carbon emissions. Of the 95 completed projects, 70 per cent have filed patents, secured follow-on funding or generated commercial sales, or are expecting to shortly.
A new call for proposals to the Applied Research scheme will open on 13th October. Applications can be made online at www.carbontrust.co.uk/appliedresearch.