The ReEnergise SmartEnergy Fund has an initial capital of £5 million, with no "upper limit" on funding. It is solely aimed at SMEs and offers commercial loans – typically between £25,000 and £250,000 – to invest in energy efficiency measures and renewable energy systems. It is run by independent specialist financial services provider with seed funding from SI Capital. Standard interest rates do not apply and cost of financing will be based on a number of factors including the length of the borrowing period and the creditworthiness of the borrower.
Plug-in Car Grant
The Plug-In Car Grant went live on the January 1 2011 when nine cars were give eligibility to receive the grant. Businesses can benefit from the Government’s £5000 ultra-low emission vehicle grant. They will receive a grant of 25 per cent towards the cost of an electric or hybrid vehicle, up to a maximum of £5,000.For more information about the grant and the vehicles eligible click here.Plug-in Van Grant
Businesses and private consumers can benefit from the Government’s ultra-low vehicle emission grant. They can receive a grant of 20 per cent towards the cost of an electric or hybrid van up to a maximum of £8,000. The van grant went live in in February 2012.For more information about the grant and eligible vehicles click here.Marco Polo II
Launched in 2003, the Marco Polo programme co-funds projects that ease traffic congestion by moving freight from road to more environmentally friendly modes, such as short sea shipping, rail and inland waterways. The €450 million European programme is aimed at industry and has annual calls in July. Projects must involve a cross-border route.For more information click here.
FUNDING FOR RENEWABLES
The Grants for Business Investment scheme
Offshore wind manufacturers can apply for support for major investments under the Grants for Business Investment (GBI) scheme in assisted areas of England. This can include joint applications by manufacturers together with ports/landowners where there this forms a single project.
Grants have to be over £2 million and for exceptional projects i.e. they mitigate or avoid a significant downturn in the local labour market; or address a significant market failure.
Funding is available from April 2011 to March 2015.
For more information click here.
The Government has committed over £200 million of funding for low carbon technologies for 2011 to 2015. As of early 2013, schemes include:
Supported by eight EU-member states including the UK, this funding will provide funding and support to collaborative bioenergy projects that demonstrate one or more innovative steps resulting in demonstration at a pre-commercial stage. The competition is expected to launch in January 2013.
A Small Business Research Initiative (SBRI) Competition to develop and demonstrate innovative, pre-commercial energy storage technologies which can address grid-scale storage and balancing needs in the UK electricity network. The competition opened in October 2012 and the deadline for applications closed in December 2012.
FUNDING FOR WASTE MANAGEMENTWaste Prevention Loan Fund
A £1 million fund managed by WRAP (Waste Resources Action Programme) to support businesses in England looking to introduce green business models and processes that make more efficient use of material resources.
Businesses of any size are able to apply for loans through the fund, which launched in July 2011. Initially, though, it will target retail businesses that sell electrical and electronic products, clothing and furniture.
The fund will provide loans of between £20,000 and £100,000. For more information click here. Mixed Plastics Loan Fund
The WRAP Mixed Plastics Loan Fund (MPLF) is a limited fund of up to £2 million to address the reprocessing capacity gap that currently exists for mixed plastics within England. Loans range from £50,000 to £1 million and can provide asset backed loans for plant, machinery and/or groundworks.For more information click here. eQuip WRAP Leasing Scheme
The eQuip WRAP leasing scheme helps small and medium-sized enterprises involved in sorting, processing, recycling, or manufacturing certain materials including plastics, organics, and textiles. The leasing scheme helps companies gain financial assistance for new and secondhand recycling plants and machinery.For more information click here. Anaerobic Digestive Loan Fund (ADLF)
The ADLF is a £10 million loan fund by WRAP with the intention of offering financial support to organisations building new AD capacity in England. The intention is that these companies move food waste from landfills and other harmful waste disposal methods to more environmentally friendly ones. The intention of the fund is to 'leverage' private funding and not to replace it. Loans run from £50,000 to £1,000,000.For more information click here.
VENTURE CAPITAL & INVESTMENT FUNDINGCarbon Trust Venture Capital
Carbon Trust Investments Limited is a wholly owned subsidiary of the Carbon Trust and makes early stage venture capital and seed investments to accelerate the commercialisation of clean energy businesses in the UK. The £46 million fund is leveraged with other private funding. For more information click here. Early-Stage Technology Investment
TTP Ventures provides investment and support for IT, medtech and clean technology companies. TTP supports The Carbon Trust Entrepreneur Fast Track and helps to develop new businesses in the UK low carbon sector.For more information click here.
Environmental Technologies Fund
A Europe-wide venture capital fund that can invest in high growth potential companies that operate in the environmental and low carbon technology sectors, often supporting companies through more than one investment round, committing €5 million to €15 million overall.For more information click here. The Foresight Group
This Foresight Group provides capital for early stage and developing technology businesses and runs the Foresight Environmental Fund and the Foresight Solar Fund, invests up to £5 million.For more information click here. Good Energies
A global investor in clean energy project development, technology and related services, primarily focusing on two phases of investment:
• development equity team provides capital to support developers of projects, across all clean technologies
• a venture capital team makes early stage investments on a global basis across the green technology sector.For more information click here.Low Carbon Accelerator
Aims to provide the capital to accelerate the growth of businesses with products and services that will deliver immediate reductions in carbon dioxide emissions. Low Carbon Accelerator's investment focus is on clean energy, cleaner fuels, energy efficiency and building technologies. It focuses predominantly on businesses in the UK, Europe and North America.For more information click here. Oxford Capital Partners Limited
Oxford Capital invests and partners with businesses across three super-growth sectors –sustainability, healthcare, and communications. It specialises in assisting companies to achieve scale internationally and to build value fast. Minimum investment is £250,000 and maximum is £5 million.For more information click here.
The Virgin Green Fund
An independent private equity firm investing growth capital in the renewable energy and resource efficiency sectors in North America and Europe, deploying growth capital in product, equipment and service companies with proven commercial success.For more information click here.The Bridges Ventures Funds
The Bridges Venture Funds are three separate funds designed to promote a more sustainable future. The Sustainable Growth Fund invests in businesses that seek sustainability in the name of environmental protection, efficient industrial processes, and resource efficiency in underserved areas. The Property Fund invests in properties in regeneration areas and environmentally sustainable buildings. The Social Entrepreneurs Fund invests in social businesses with high social impact.
For more information click here.Glennmont Partners
A spin-off of BNP Paribas Clean Energy Partners, Glennmont Partners specialises in funding long-term alternative energy projects such as windfarms, biomass power stations, and solar parks. It has €437 million in funds under management and focuses on projects lasting 10 years or more.For more information click here.