East of England businesses to benefit from £22m funding for low carbon initiatives

A successful bid to the European Regional Development Fund (ERDF) by Norfolk County Council and the University of East Anglia (UEA) will see at least £22m invested in small and medium-sized businesses in the region. The new programme will allow for the set-up of an investment fund to support businesses developing products and services which will have a beneficial environmental impact.

Operated by the UEA and supported by Norfolk County Council, the Low Carbon Innovation Fund 2 (LCIF2) will invest in SMEs across Norfolk, Suffolk, Cambridgeshire, Peterborough and Hertfordshire. To qualify for support, businesses must be making an impact on greenhouse gas reduction, either through the development of products and services or through manufacturing or operational changes.

Anyone wishing to find out more about the fund should contact lcif@uea.ac.uk or call 01603 592548.