The three year Low Carbon Opportunities Programme will offer free renewable energy audits or low carbon product, process or service innovation and development advice, as well as related grants, to small and medium sized enterprises in Worcestershire.
The programme is part funded through the European Regional Development Fund.
SMEs can apply to either receive business support for renewable energy generation or for low carbon innovation advice.
The free business support for renewable energy generation will assess the best options for businesses with regard to renewable energy, including assessing technical feasibility and financial payback.
For businesses interested in low carbon product, process or service innovation or diversification into the low carbon market, the free support will involve exploring their current position, a review of their current practice and position in the marketplace, and an assessment of opportunities for the business. The support will continue with the provision of specialist advice as required, with 2 days of support given for each assist.
Following the business support, grants will be available for up to 45% of the costs of eligible capital or revenue projects. Grants of up to £100,000 for capital projects and up to £50,000 for revenue projects will be considered (minimum grants of £20,000). Renewable energy projects cannot be double funded so either a project grant of up to 45% can be applied for, or FITs/RHI can be sought. The assessment will help SMEs establish their best option. The programme is looking to fund larger scale renewable energy projects.
Through the programme, SMEs in Worcestershire will be enabled and encouraged to adopt renewable energy, and to innovate and grow in, or diversify into, the low carbon sector. The programme also looks to establish collaborative links between SMEs and other businesses, and SMEs and research institutions. In addition to the free business support and grants towards projects, the Low Carbon Opportunities Programme will include networking and events.
To qualify, your business must:
- Be situated in and trading from Worcestershire
- Employ fewer than 250 employees
- Have a turnover of less than the equivalent of 50 million Euros per annum or a balance sheet of less than 43 million Euros.
Please note that some industries such as primary agriculture and finance are not eligible. Other activities excluded are social welfare and education and some retail.
For more information and details of how apply please contact the team on 01905 677 888 or email@example.com
Frequently Asked Questions
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