The Greater Lincolnshire Local Enterprise Partnership is reallocating £2m of its existing funding towards a new Clean Growth Accelerator Fund to help tackle the impact of climate change.
Building on the Government's Ten Point Plan for a Green Industrial Revolution and the UK Innovation Strategy, the LEP invited organisations and businesses to submit projects that will help to develop innovation and R&D ideas focused on decarbonisation and clean growth.
Schemes had to demonstrate direct public/private investment leverage and job creation and/or research and development outputs with clear clean growth-related outcomes.
Examples could include:
- an innovation, research and development project focused on clean growth / net zero
- reducing carbon emissions by 2027
- reducing nitrogen oxide and particulate emissions
- contributing to Green Masterplan Net Zero targets
- decarbonisation of the National Grid or heat production
- creating EV charging points
- demonstrating the use of Modern Methods of Construction (MMC)
- introduction of new clean growth-related products to the market
Applicants had to be located in Greater Lincolnshire and Rutland.
“The funds must be spent by July 2024, and outcomes must be delivered by 2026/27, so any proposals supported need to be already well progressed in terms of design, planning and match funding,” said Pat Doody.
“Not only will this fund help us to achieve our Net Zero ambitions, but it will also ensure that innovation remains at the heart of our economic growth.”
We are now in the final contracting stage of the programme having determined allocations on the 5th October 2022 and announcements will be made very soon on the successful applicants and schemes once funding agreements have been finalised.
